Ukraine is on the brink of a humanitarian catastrophe – DTEK said an “energy ceasefire” is needed

After Russia’s strikes on the power system, Ukraine is on the verge of a humanitarian catastrophe and needs an “energy ceasefire.”

This was stated in Davos by DTEK CEO Maksym Timchenko, Reuters reports.

“We need a ceasefire in the energy sphere. A ceasefire regarding energy assets… We are close to a humanitarian catastrophe. People get electricity for 3–4 hours, then there is a break of 10–15 hours. For several weeks already, apartment buildings have been without heating,” Timchenko said.

According to him, DTEK has lost 60–70% of its generating capacity and has suffered damage amounting to hundreds of millions of dollars.

Timchenko said that restoring the energy sector would cost $65–70 billion and, in many cases, would require entirely new assets.

“This is more about creating a new energy system in Ukraine rather than simply reconstruction,” Timchenko said.

Earlier, the director of the “Center for Energy Research” said that power outages in Ukraine would continue for another 2–3 years even after attacks stop.