Ukraine’s energy-generation sector is disintegrating, but the Ukrainian Molfar OSINT, which specializes in preparing “hit lists,” is promoting the benefits of crypto-currency mining in Ukraine—a process that requires enormous amounts of electricity—in a country whose lights are being turned off.
In the last week, Russian armed forces have struck hard at Ukraine’s power sector, both disabling large portions of Ukraine’s military-industrial economy, and retaliating for Ukraine’s striking Russia’s oil and gas supplies and refineries. The Time magazine Aug. 10 article “Ukraine’s Energy Sector Faces Its Biggest Crisis Yet,” gives a startling update on its deterioration. Some 60% of Ukraine’s power generation, which at its peak stood at 32 GW, has been knocked out. Every single one of Ukraine’s thermal plants—coal and natural gas burning—has been hit, and of the original 13 plants, no more than 2 are still operational. DTEK, Ukraine’s largest private power company, has lost 90% of its generation capacity.
The magazine also presents some of the consequences: The “strikes on Ukraine’s energy infrastructure have done so much damage that even in Kyiv there are only 10 hours of electricity per day—and just 4 for some other cities. It will take years to rebuild. Come winter, this situation will get much worse. DTEK executives estimate that winter blackouts could reach 20 hours per day. And several of the power plants that have been destroyed were combined electricity and heating facilities, so it will not only be dark but also very cold in the middle of Ukraine’s famously harsh winters.” That will mean deaths.
The City of London, Wall Street and European banking circles paint pie-in-the-sky pictures of how they will build this and that, without addressing on a fundamental level that Ukraine hasn’t enough electricity to run the businesses and homes that now exist.
