With the support of the German Government and the European
Union, the Ministry of Regional Development, Construction, Housing and
Utilities of Ukraine has developed a financial model of the Energy Efficiency
Fund. Vice Prime Minister/ Minister of Regional Development, Construction,
Housing and Utilities Hennadii Zubko
announced while delivering a
speech at the International conference “Focus Ukraine: Global Export Credit
Agency and Multilateral Financial Institutions Strategy Meeting”.
The Fund shall be filled from two sources: the state, with a
planned UAH 800 million sum this year, and international financial donors who
have already signed preliminary agreements.
"Now we have to fuel a powerful vehicle which will
allow to attract funds and encourage investors. This requires time and simple
solutions. We should additionally elaborate a model of the Fund and to provide
necessary legislative tools to protect investment and to refund. Thereby, these
measures will facilitate Ukraine to shift to a completely independent energy
level", said Hennadii Zubko.
He stressed that the demonstrated
model of the Fund had proved its efficiency
in the EU, in particular, in Lithuania. Now it's time for Ukraine to leverage
investment and technologies that will allow to achieve
the energy savings at the level of 45%.
invited investors to participate in the process of filling
the Energy Efficiency Fund and to extend
long-term loans for the implementation of energy efficient
measures. He added that now the volume of the Ukrainian energy efficiency
market is worth US $ 40 billion, while
the annual investment volume is estimated at US$ 1.5 billion.
Therefore, this area is rather attractive for investors.
It should be noted, the Regional Development,
Construction, Housing and Utilities of Ukraine is responsible for the implementation
of key reforms, inter alia, decentralization and energy