measures, including the establishment of the Energy Efficiency Fund, will facilitate
the achievement of energy independence of Ukraine, ensure its competitiveness
and develop the national economy. Prime Minister of Ukraine Volodymyr
Groysman stated this during the Ukrainian Energy
Efficiency Forum’16, entitled "Energy Efficiency Fund, Ukraine’s Major
Start-Up. Laws, Investment, Industry", on Thursday, June 23.
cannot today develop the national economy in such conditions of frantic energy
consumption. We are not competitive. We need to be less wasteful, we must do
everything to ensure that every energy resource of our country be used as
efficiently as possible. Then we will be competitive," he pointed out.
creation of the Energy Efficiency Fund is one of the mechanisms to attract
investments into energy efficiency and increase the competitiveness of the country,
the Prime Minister noted. "We need such a mechanism which will allow us to
invest in energy efficiency, while becoming more competitive," he said.
Minister stressed the importance of transparent work of the Fund and curbing
any corrupt influence in the energy sector. In this regard, he called on Vice
Prime Minister, Minister of Regional Development, Construction Housing and Utilities
of Ukraine Hennadii Zubko to
involve experts and civil society in the creation of the Fund and the
Minister also expressed hope that in synergy with Ukrainian MPs it will be
possible to work out the necessary legal framework that could be approved by the
Parliament no later than the third or fourth quarter of this year and will ensure
the Fund’s work from 2017. "This will enable us to invest more resources in
order to be more energy efficient and, therefore, competitive," he
Groysman noted that the developed countries are
working on the introduction of renewables, while
Ukraine consumes the largest amount of gas and other energy resources that serves
to disadvantage the country and creates dependence on suppliers. "The issue
of our energy efficiency influences a lot on our independence, on our economic,
institutional strength," he said.
Minister reminded that one of the first steps of the Government was
"unpopular but correct with respect to the country" decision to
introduce the gas market-based price. This step will allow Ukraine to overcome
corruption in the sector, contribute to achieving energy efficiency and
stimulate an increase in its domestic gas production, he said.
market price for gas enables us, on the one hand, to curb corruption in the oil
and gas sector, on the other hand, to launch energy-efficient mechanisms,"
underlined Volodymyr Groysman.
that the existence of two or three gas prices in Ukraine has always led to "abuses
by those who purchased gas." Due to such schemes, Ukraine lost at least $50
billion, the Prime Minister informed.
Minister believes that it is necessary to introduce alternative energy sources together
with the development of Ukraine’s domestic production. Thus, the share of
hydropower in electricity generation balance could reach 15.5%, compared with
the current 8.6%. According to him, Ukraine possesses the necessary potential
for such growth.
"It's energy independence, energy efficiency, energy
production, jobs for Ukrainians and development of our national economy,"
Minister pointed out that the Government’s task is to transform subsidies into
investment in energy efficiency. In particular, the energy sector is able to
create about 50,000 new jobs, he highlighted.