The plant was severely damaged during the 22 March 2024 Russian attack, knocking it offline and requires restoration work that will likely run into 2025.

[1] The power plant is owned and operated by JSC Kharkiv CHPP-5 (Ukrainian: Харківська ТЕЦ-5), a subsidiary of Naftogaz Ukrainy.

[citation needed] The TEC-5 power plant was built in the 1970s under the political system and jurisdiction of the Soviet Union.

On 11 September 2022, in response to the 2022 Ukrainian Kharkiv counteroffensive, the Russian Armed Forces struck the plant with Kalibr cruise missiles.

[1] Chief executive officer of the plant Oleksandr Minkovich claimed that "the reconstruction process will last more than one year.