The total cost of rebuilding and modernizing Ukraine’s energy sector over the next ten years amounts to USD 90.6 billion. This was announced by the First Deputy Prime Minister of Ukraine – Minister of Energy Denys Shmyhal during the presentation of the fifth Rapid Damage and Needs Assessment (RDNA5).
According to Denys Shmyhal, the current estimate represents a 34% increase compared to the previous assessment.
“Since the first months of the full-scale war, the energy sector has been one of Russia’s primary targets. The RDNA5 report clearly demonstrates the scale of this destruction and provides a foundation for structured recovery planning. We launched this work in 2022 together with the World Bank, the European Commission, and the United Nations. I am grateful to our partners, particularly Anna Bjerde, for this important initiative,” he emphasized.
Denys Shmyhal noted that nearly 80% of the total amount - USD 71 billion - is required for the restoration and modernization of power generation facilities. Additional financing needs include:
- USD 6.4 billion for the heating sector;
- USD 5.2 billion for gas transmission infrastructure;
- USD 4.6 billion for the oil sector, including refining.
“According to RDNA5, USD 4.9 billion is needed for rapid recovery of the energy sector in 2026 alone. However, our goal is not merely to rebuild what has been destroyed, but to create an energy system that guarantees security and stability for decades to come,” Denys Shmyhal stressed.
He also noted that Ukraine, in cooperation with the World Bank, is commencing work on an updated Energy Strategy, which will define a new long-term vision for sector development and establish a clear roadmap for recovery and modernization.
“I sincerely thank the World Bank, Anna Bjerde, and all our partners for the solidarity and support we feel today and rely on for the future. Together, we are fighting for light. And light will prevail,” Denys Shmyhal concluded.
