You're reading: Prodan: Hr 400 million required to restore Sloviansk thermal power plant damaged due to armed conflict

Public joint-stock company Donbasenergo, electricity generating company, has made a preliminarily assessment of the cost of repairing Sloviansk thermal power plant suffered due to the armed conflict of Hr 400 million (around $34 million), Energy and Coal Industry Minister Yuriy Prodan has said.

“The plant is at zero today – it produces nothing. The total expense needed to resume the operation of Sloviansk thermal power plant amount to nearly Hr 400 million,” he said at a briefing in Kyiv on Monday, July 7.

Prodan said that it is unlikely that the operation of the plant will be resumed by the end of this year.

“It’s likely that the plant will not operate until the end of this year,” the minister added.

Region residents that receive electricity from Sloviansk thermal power plant will get electricity using other sources, he said.

He said that the source of financing of restoration works could be funds that will be redistributed by the National Commission for Energy Regulation of Ukraine (NCER).

“The single energy market is operating, and if the company clearly proves that it requires funds, the funds will be allocated from the energy market. This is the shortest way to do this. I think that this will be made without changing the general tariff for consumers and reserve funds will be found,” the minister said.