Українська Restoring Ukraine’s Energy Sector: Mitigating Corruption Risks
The findings of the study will be useful for government agencies and experts seeking to improve transparency and accountability in the energy sector, thereby contributing to the country's sustainable growth and development.
- 28 March 2024
- DiXi Group
- Ukraine
Ukraine’s immediate energy sector recovery needs are as urgent as its ambitions for long-term reconstruction and economic transformation. According to the Rapid Damage and Needs Assessment (RDNA2), an estimated $3.3 billion is needed for the energy sector in 2023 alone. The total needs in the energy and extractive industries for the entire recovery period (2023-2033) are estimated at USD 47 billion.
However, despite the high total cost of recovery and the urgent need to ensure stable energy supply before the start of the 2023/2024 winter season, there is no single authority that would take primary responsibility (ownership) for the recovery process. The responsible entities have been identified as Ukrenergo (~US$600 million), distribution system operators, the Ministry of Energy (~US$210 million), and the Ministry of Communities, Territories and Infrastructure of Ukraine (Mininfrastructure) together with the State Agency for the Restoration and Development of Infrastructure of Ukraine (aboutUS$700 million).
