Vice Prime Minister of Ukraine: Energy efficiency market in Ukraine is estimated at EUR55 billion and possesses significant investment potential
24.11.2015 | 19:11
INFORMATION AND COMMUNICATION DEPARTMENT OF THE SECRETARIAT OF THE CMU
 

A reform in energy efficiency sector is among major drivers of the Ukrainian economy and one of the most ambitious investment projects in Europe. Vice Prime Minister – Minister of Regional Development, Construction, Housing and Utilities Hennadii Zubko announced following a meeting with Executive Director of the International Energy Agency (IEA) Fatih Birol in the framework of his working visit to France.

"The value of the Ukrainian market of energy efficiency is estimated at EUR 55 billion. Its annual capacity can reach EUR2 billion and 100 thousand jobs. And therefore, each invested Euro will return with large profit," said the official.

According to him, at the legislative level, the Ukrainian Government greatly contributes to the creation of conditions to facilitate the development of energy efficiency market. Among the enacted laws are those on energy service companies (ESCO) and condominium associations. The next step is the adoption of laws "On utilities and commercial metering", "On energy efficiency of buildings" and "On energy efficiency". These bills are drafted in compliance with directives of the European Union and are coordinated with the Energy Community, stressed the Vice Prime Minister.

He added that soon the French delegation would visit Kyiv to become familiar with possible investment projects in the sector of energy efficiency. Presently, an Energy Efficiency Fund scheduled for launch in 2016 stirs interest among the French business community.

 

 
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