The model of Energy Efficiency Fund was
presented to representatives of donor organizations. The presentation took
place during a meeting of the members of the working group on the establishment
and operation of the Fund. The participants emphasized the importance to
prepare as quickly as possible the legislative framework to ensure the full
functioning of the Energy Efficiency Fund: to amend existing legislation and
adopt new acts.
"In particular, it is very important to adopt the Law "On Energy
Efficiency Fund", which legitimizes the operation of this public financial
institution", said Deputy Minister of Regional Development, Construction, Housing
and Communal Services Eduard Kruglyak. He noted it is
vital to encourage professional staff to work in the regions, particularly
highly skilled engineers.
We shall remind that
the Energy Efficiency Fund is a key tool of implementation of an important
reform for the country which is energy efficiency reform, within responsibility
of Vice Prime Minister/Minister of Regional Development, Construction, Housing
and Utilities Hennadii Zubko.
In February 2016, he presented the concept of the Fund, which enables to
transfer to the European system of energy consumption, to reduce gas
consumption twofold, to cut subsidy costs by 30 billion UAH per annum and to create
up to 100 thousand new jobs.
Now the working party
on the establishment and operation of the Fund is engaged in developing
proposals for making amendments in legislation and elaborating necessary
regulations that will provide the basis for the establishment of the Fund and its
activity, in accordance with the National Action Plan for Energy Efficiency for
the period up to 2020. The relevant working group is headed by Deputy Minister
Development, Construction, Housing and Communal Services Eduard Kruglyak, his
Deputy was appointed Chairman of the State Agency on Energy Efficiency and Energy
Saving of Ukraine Serhii Savchuk.