Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Kadri Simson: The European Commission has set up...

Kadri Simson: The European Commission has set up a fund to support Ukrainian energy infrastructure

August 22, 2024

The European Commission set up a dedicated fund, where over 500 million euro has already been collected to support the Ukrainian energy infrastructure and the reconstruction of the energy sector in this country, stated, on Wednesday the European Commissionaire for Energy, Kadri Simson, at the ministerial reunion organized within the reunion of the Partnership for Transatlantic Cooperation in Energy and Climate (P=TECC).‘The European Commission and our member states started to support Ukraine and especially the energy system of Ukraine, the very moment when Russia chose to target the civilian energy infrastructure. This happened in 2022 already, so since then we have set up a community, a dedicated fund and we have managed to collect over 500 million euro which is used to support the Ukrainian energy infrastructure and the reconstruction of the energy sector. Taking this into consideration, starting with 2022, we have managed to transport through our Mechanism for Civilian Protection over 8,100 generators and almost 3,300 transformers. In total, Ukraine has received 16,000, so this shows you the image of the ample support we offer’ said the European commissionaire.She said that the European policies regarding the support for Ukraine will continue, taking into consideration that Ursula van der Leyen obtained a new mandate to the leadership of the EC."The new Commission will hopefully start in December this year. So I will be in office for another three months. And my top priority is to deliver our action plan that we agreed to support Ukraine. And there are several actions. First and foremost, of course, we need to help Ukraine to put back in working order what can be repaired. I know that the Russians have managed to destroy a lot of power generation capacity that cannot be repaired. But we are together with the energy community and our Member States who are offering financial donations and also equipment. And we are looking for concrete projects to build before winter approaches," she added.   The commissioner also said that this is no longer a mission of the Commission on its own, but concerns all companies that have equipment at their disposal that can be transported to Ukraine. "We have established a very clear transportation route. We know how to deliver specific equipment to where Ukrainians need it. And we have very good cooperation with Ukraine and the Ministry of Energy and Minister Gherman Galushchenko himself. So, the first step is to raise awareness of the scale of the destruction, and one of the actions on our side was the decision to use frozen Russian assets to pay for these equipment deliveries. The second is our cooperation with Ukraine and the support fund. And I am personally appealing to all Member States for additional donations. And thirdly, of course, we have to prioritize the support coming from the European Union, from our electricity producers. And we are working with ENTSO-E (European Transmission System Operators' Association in Europe - editor's note), so that our electricity transmission system operators find ways to increase transmission capacities between continental Europe and Ukraine. And the Republic of Moldova, if necessary for the winter. We want to make sure that Ukraine will be able to buy more electricity from the EU in the coming winter," the Commissioner explained. Last but not least, Kadri Simson mentioned that the EU collaborates with the member states, especially Romania and Slovakia, as there are several transport lines for electricity which could be modernised, and these could change the data completely.

Read in full - click here
DRS in Romania: from implementation to a European benchmark for the circular economy

Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]

New Year’s Eve Dining Experience at Ginger Sushi Bar & Lounge

Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]

Non-profit Dăruiește Viață completes renovation of pediatric transplant unit in Timișoara

Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]

Exhibition explores the place of jazz in pre-1990 Bucharest

The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]

Romanian Companies Increasingly Exposed to Non-Payment Risk: Aon's Solutions for a Volatile Business Environment

Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]

Bucharest malls in 2024: AFI Cotroceni leads turnover, Băneasa Shopping City tops profitability

Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]