Ukraine’s Energy Minister German Galushchenko and EU Energy Commissioner Kadri Simson in Kyiv. AFP
Ukraine’s Energy Minister German Galushchenko and EU Energy Commissioner Kadri Simson in Kyiv. AFP
Ukraine’s Energy Minister German Galushchenko and EU Energy Commissioner Kadri Simson in Kyiv. AFP
Ukraine’s Energy Minister German Galushchenko and EU Energy Commissioner Kadri Simson in Kyiv. AFP

Ukraine’s energy network breaking faster than it can secure spare parts


Sunniva Rose
  • English
  • Arabic

The EU is struggling to help Ukraine secure spare parts for its energy infrastructure, which has been the target of intense Russian missile attacks.

“After the cascades of missile attacks, the need for spare parts is so big that there is no storage available to deliver them on spot,” said Energy Commissioner Kadri Simson during a visit to Ukraine on Tuesday.

“The biggest challenge is not just financing. It’s finding the equipment, and here we can help you,” she told Ukraine’s Energy Minister German Galushchenko in Kyiv.

In recent days, Russia has targeted combined heat and electricity plants, as well as transmission lines and outdoor transformers, according to Ms Simson.

The EU has the possibility of transferring electricity to Ukraine, which halted its own exports to Europe on October 10 due to Russian attacks. But there are limits to such transfers, said the commissioner.

“That’s why the most urgent challenge is to restore the transmission lines inside Ukraine,” said Ms Simson.

The chief executive of Ukraine’s national grid Volodymyr Kudrytskyi on Tuesday told British newspaper The Guardian that relentless Russian bombing had hit “virtually all” non-nuclear power stations in the country.

Mr Kudrytskyi described the situation as “critical” and accused Russia of deliberately targeting Ukraine’s power system to cause a “humanitarian catastrophe”.

Electricity cuts across Ukraine have become common.

Mr Kudrytskyi also told AFP that the barrage of strikes that came on October 10-12 was “the largest attack on an energy system in European history”.

The attacks forced Ukraine to stop exporting electricity to the EU, hitting hardest the small country of Moldova. Neighbouring Romania agreed to step in and sell Moldova electricity at a reduced price.

Wydad 2 Urawa 3

Wydad Nahiri 21’, Hajhouj 90'

Urawa Antonio 18’, 60’, Kashiwagi 26’

UAE currency: the story behind the money in your pockets
How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

The Africa Institute 101

Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction. 

Updated: November 02, 2022, 11:51 AM`