This was stated by Artur Lorkowski, Director of the Secretariat of the Energy Community, speaking on Tuesday at the World Economic Forum in Davos.
According to him, Russian strikes on Ukraine’s energy infrastructure have not stopped, causing the sector’s funding needs to grow continuously. In November last year, the financing gap was estimated at around €400 million, and this shortfall was fully covered through the Fund’s resources. However, a new wave of attacks has once again created a funding deficit—this time of approximately €380 million.
Lorkowski noted that the funding gap is calculated based on detailed requests submitted by Ukrainian energy companies. The assessment includes specific items of equipment required to restore and maintain the operation of the energy system, such as transformers, cables, pipes, and other elements of energy infrastructure. This approach allows the Fund to determine financing needs with a relatively high degree of accuracy.
The head of the Secretariat stressed that response mechanisms and logistics are already well established, and the Fund is engaged in procurement and equipment deliveries on a daily basis. However, access to additional financial resources remains the key constraint. As a result, further fundraising for the Fund is being actively discussed both at the Davos forum and in negotiations with international corporations and potential donors that could join efforts to support Ukraine.
At present, around 30 donors are contributing to the Energy Support Fund. The funds raised are being used to implement more than one thousand contracts, with cooperation involving approximately 60 Ukrainian energy companies that are regularly affected by shelling. Deliveries of energy equipment to Ukraine are carried out on a weekly basis, enabling a rapid response to damage to the energy system and helping to sustain its operation.
