A report recently unveiled by the Government of Ukraine and the United Nations unveils the destruction caused by the Kakhovka dam, amounting to nearly $14 billion in losses and damages. These repercussions have further exacerbated the consequences of Russia's full-scale invasion, with the energy sector incurring the heaviest blow, tallying losses exceeding $5 billion.

The MOU establishes a roadmap for critical areas of cooperation. To commence, both UNDP and Ukrhydroenergo will embark on a thorough assessment of the existing damages. Subsequently, strategic discussions will unfold, aimed at enhancing recovery and bolstering resilience within the energy sector, in strict alignment with Ukraine's National Energy Strategy. The agreement also places a strong emphasis on mobilizing support from both the public and private sectors to spearhead the rebuilding initiatives. Lastly, concerted efforts will be made to devise methodologies and processes for regular data collection, tracking the status of energy infrastructure and facilities.

Christophoros Politis, UNDP Deputy Resident Representative, asserted that the meticulous assessment of damage is not merely a diagnostic requirement but rather the cornerstone upon which Ukraine's journey to recovery and the establishment of a more resilient future depends. He stated, "This MOU underscores our shared belief that to truly 'build back better,' we must first comprehend the full scope of the challenges at hand. Through evidence, we can chart a course that not only restores but enhances Ukraine's energy landscape, making it more robust and future-ready than ever."

Ihor Syrota, CEO of Ukrhydroenergo, emphasized the company's unwavering commitment to ensuring the reliability and resilience of Ukraine's energy system. "Expanding our cooperation with UNDP will allow us to assess and repair the immediate damage, as well as develop a strategy for a more favorable, self-sufficient, and sustainable energy future for our country," he said.