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Blanár: Slovakia received 101 million euros from the EU for energy projects to reconstruct Ukraine

by AI | 31.Mar 2025 | Europe in brief AI

Juraj Blanár announced that Slovakia will assist with Ukraine’s energy renewal projects through EU funds.

The head of Slovak diplomacy, Juraj Blanár, announced that thanks to EU resources, Slovakia will help in the reconstruction of Ukraine. PHOTO: TASR

Bratislava – Slovakia received funds from the European Union (EU) for energy projects to rebuild Ukraine. 101 million euros will go to energy projects for the reconstruction of Ukraine. This was announced on Monday at a press conference by the Minister of Foreign Affairs and European Affairs Juraj Blanár (Smer-SD), together with the General Director of Eximbank Rastislav Podhorec, TASR reports.

Blanár recalled that the Ministry of Foreign Affairs and European Affairs (MZVEZ), together with its subordinate organization, the Slovak Agency for International Development Assistance (SAMRS), applied for a package of 101 million euros, which is directly intended for projects identified within the framework of mutual agreement between the Ukrainian and Slovak governments. The minister added that 11 entities participated in the EU call within the Ukrainian Investment Framework program. Of these, eight were successful, including Slovakia, and MZVEZ participated in the call together with Eximbank.

The head of the Foreign Affairs Department emphasized that these projects are good for Slovakia in terms of supporting entrepreneurs who will be involved in the reconstruction of Ukraine.

“The energy system is very important; today, the Slovak Republic already supplies Ukraine with a considerable amount of electricity due to the significant outages caused by the fact that more than 70% of Ukraine’s electrical system is destroyed,” Blanár specified.

He reminded that last autumn, the government approved the so-called framework for Slovakia’s involvement in the reconstruction of Ukraine, with one of the projects being the modernization of the transmission system of the Mukachevo – Veľké Kapušany – Lemešany interconnector. Further, the 400 kV (kilovolt) substation in Mukachevo should be reconstructed, a new 400 kV substation in Uzhhorod or a hydroelectric power plant for an independent green island should be built.

“We expect that the amount for the reconstruction and construction of these projects will be valued at 100 million euros, with 20 million euros covered by the grant component and 88 million euros covered by Eximbank. Of those 88 million euros, 80 million euros will be guaranteed by the European Commission’s guarantee. In practice, this means that Eximbank and Slovakia will essentially enhance the security and stability of the Ukrainian energy network,” Podhorec added, stating that these projects will be implemented in the western part of Ukraine, where there is currently a higher concentration of the population.

The funds will be allocated to two Ukrainian energy companies that operate the energy network in Ukraine. Slovakia will help Ukraine through SAMRS to prepare public procurement, enabling Slovak entrepreneurs to participate in the reconstruction of Ukraine. (March 31)