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Ukraine state hydropower firm says explosions, missile strikes, other attacks have cost it $1.5 billion in 12 months

Ukrainian state hydropower producer Ukrhydroenergo said military attacks in the past year have cost it $1.5 billion, much of it through the destruction of the Kakhovka hydropower plant in June, the company said in a video presentation.

The company attributes the costs to multiple attacks on autotransformers, switchgear, multiple hydropower plants, powerhouse building and dams since the Russian full-scale invasion of Ukraine in February of last year, including a series of intense attacks that jeopardized the nation's power grid last winter.

The destruction of the Kakhovka dam on June 6 of this year was the costliest incident. According to research by the KSE Institute, the analytical arm of the Kyiv School of Economics, the dam will cost $1 billion to rebuild although the destruction itself caused $2 billion in damage to the plant and surrounding area.

Ukrhydroenergo added that the country is heading into the winter of 2023/24 in a much better position than the previous winter. It said last week it finished major repairs at one of its stations and now has 73 hydro units with an installed capacity of approximately 4,000 MW in operation.

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