The Security Service of Ukraine (SBU) reported on February 27 that a scheme involving the embezzlement of approximately Hr 50 million (over $1 million) was uncovered during the restoration of the Trypillia Thermal Power Plant. This plant, located in Kyiv Oblast and operated by the state-owned Centrenergo, suffered significant damage from Russian attacks. The investigation has implicated two company heads for their roles in this scheme, which involved winning tenders and contracts worth more than Hr 500 million ($11.5 million) for the reconstruction work over the years 2023 to 2025.

The Trypillia Thermal Power Plant was completely destroyed in a Russian strike in the spring of 2024 as part of the ongoing conflict that has severely affected Ukraine’s energy infrastructure. The revelation of this embezzlement comes at a critical time when restoring energy capabilities is crucial for Ukraine, especially as the country deals with the persistent challenges imposed by the war. This incident not only highlights the vulnerabilities in reconstruction efforts but also raises concerns about oversight and accountability in the management of funds allocated for rebuilding damaged infrastructure.

Given that the Trypillia power station was a major power supplier to significant regions including Kyiv, Zhytomyr, and Cherkasy, the impact of this embezzlement scheme may extend beyond financial losses. It poses questions regarding the continuity and reliability of energy supply in these areas, particularly in times of heightened conflict when energy security is paramount. The findings from this investigation may prompt calls for stricter regulations and oversight mechanisms in public contracts to prevent such fraudulent activities in the future.