The amount of direct losses caused by the explosion of the Kakhovka Hydroelectric Power Plant is at least USD 2 billion. This includes losses in the housing and utility sector, energy, agriculture, transport, environment and industry. These data are presented in the first analysis of the KSE Institute, an analytical unit of the Kyiv School of Economics, in cooperation with the Office of the President of Ukraine, the Ministry of Economy and the Ministry for Communities, Territories and Infrastructure Development.

“We continue to record the damage and reckon the losses caused by russia’s blowing up of the Kakhovka HPP dam. The housing stock in Kherson and Mykolaiv oblasts has suffered serious losses. Direct losses from the flooding of private homes and related infrastructure are estimated at USD 950 million. More than a quarter of the total damage, namely USD 586 million was caused by the destruction of the hydroelectric power plant itself, which would have to be built from scratch. Separately, the Ministry of Environmental Protection and Natural Resources has preliminarily estimated the environmental damage at USD 1.5 billion. The priority issue remains to provide the affected regions with drinking water. So, the Budget Committee has approved the allocation of USD 41 million (UAH 1.5 billion) for the construction of main water pipelines,” said First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko.

According to the KSE Institute’s analysis, the losses caused by the Kakhovka HPP tragedy include:

• Housing: USD 950 million in losses. According to preliminary estimates, about 20,000–30,000 houses in Kherson Oblast and over 500 private homes in Mykolaiv Oblast were flooded.
• Energy sector: USD 624 million in losses. The Kakhovka Hydroelectric Power Plant was destroyed beyond repair, contributing USD 586 million to the sector’s total losses. The construction of a new hydroelectric power plant will require approximately USD 1 billion.
• Transport infrastructure: USD 311 million in losses. More than 290 km of roads were damaged by the floods.
• Industry: USD 105 million in losses. 28 large industrial facilities located on the right and left banks of the Dnipro River were flooded.
• Agriculture: USD 25 million in losses. 
• Environment and ecology: USD 1.5 billion in losses. 150 tonnes of oil leaked during the dam explosion. The salinity level of the Black Sea near Odesa is almost three times lower than normal.

To learn more, see the report at the following link.