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World Bank Invests in Kharkiv's Energy Infrastructure

Kharkiv secures new funding from the World Bank to enhance its energy infrastructure.

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The World Bank will allocate over 33 million USD to Kharkiv for the development of its energy infrastructure.

This was announced by the mayor of Kharkiv, Ihor Terekhov, as reported by "Slobidskyi Krai".

The World Bank has confirmed financial assistance in the form of a grant amounting to 33.3 million USD.

"This is the second phase of the "RePower" program, and we have secured this funding due to the successful execution of the first part of the project signed last year at the Ukraine Recovery Conference in Berlin", Terekhov noted.

"The funding will enable us to take another significant step forward. The city will gain an additional 8.5 megawatts of its own generation — modern cogeneration units that will be installed in the most vulnerable areas", he stated.

"In areas with the highest risk of outages, these units will provide heat and light to hospitals, schools, boiler houses, and residential buildings — even during a complete blackout", Terekhov added.