2026.03.18
On the morning of March 16, 2026, a delegation from the Grandview Institution (GVI) visited the Investment Promotion Office under Ukraine’s Ministry of Economy. The delegation received a detailed introduction on Ukraine’s overall reconstruction plan, priority sectors, major projects, as well as relevant policy approvals and financial support mechanisms.
According to Maryna Khlystun, Head of the Investment Promotion Office, the office is currently the only dedicated government body within Ukraine’s central administration responsible for attracting investment. Its main function is to introduce and facilitate a wide range of international investments in line with Ukraine’s large-scale, long-term reconstruction plan, while providing comprehensive coordination and support throughout project implementation. For major projects, the office also takes responsibility for coordinating with other government agencies as needed.
At present, the key sectors for Ukraine’s reconstruction are energy and power, as well as transportation systems. According to statistics from early 2025, four years of war have damaged nearly 30% of Ukraine’s power generation capacity. At least 5 GW of additional capacity is required to meet the country’s basic electricity needs. There is strong demand for the expansion of solar and wind energy, with particularly urgent needs for energy storage equipment.
Maryna Khlystun noted that the total funding required for Ukraine’s reconstruction plan is estimated at approximately USD 600 billion. Based on current policy arrangements and institutional design, there are no explicit restrictions targeting Chinese enterprises. However, projects involving critical infrastructure will be subject to review and approval by the central government. The implementation of such projects—particularly public-private partnership (PPP) initiatives—must also comply with a series of bilateral agreements that Ukraine has signed with the European Union and certain other countries, especially when seeking government co-financing and financial support. Notably, the department has designated a Chinese-speaking official specifically to liaise with Chinese companies.
During its research, the GVI learned that Ukraine has defined this reconstruction effort as a form of “transformational reconstruction.” This approach not only entails aligning its energy, transportation, and communications systems with EU frameworks and standards, but also reflects Ukraine’s ambition to leverage latecomer advantages to promote industrial upgrading, with a particular focus on the development of smart industries and the digital economy.
On the afternoon of the 16th, the GVI delegation visited Ukraine’s national power grid company. Sergii Nazarenko, Head of the Office for Identification of Critical Infrastructure Facilities and Threat Response, noted that although the power system had suffered severe damage during the war, Ukraine’s transmission network has remained largely operational, demonstrating strong resilience in the face of wartime challenges.
Reconstruction of the national grid has been ongoing, with continuous inflows of technical, engineering, and financial support from European countries. Even before the war, Ukraine had made substantial preparations to transition its energy system toward European integration, and the conflict has, to some extent, accelerated this process. Looking ahead, key aspects of the power grid—including planning and design, construction and installation, equipment supply, and security maintenance—will fully adopt EU standards.
At the same time, Ukraine places the highest priority on ensuring that its power grid can maintain fundamental resilience under potential future wartime threats. In this regard, they welcome support and cooperation from countries including China, particularly in addressing these specialized technical needs.