The Cabinet of Ministers of Ukraine has created state-owned enterprise Energy Efficiency Fund.
An Interfax-Ukraine correspondent has reported that the decision was made at a government meeting on December 20.
“Today we will approve the long-awaited regulations of the Energy Efficiency Fund, the long-awaited document, to which we went throughout 2017, designed legislation, worked with international partners, including a lot of support from the Ukrainian parliament,” Ukrainian Prime Minister Volodymyr Groysman said at the government meeting.
He said that the national budget announces almost Hr 2 billion for financing of the fund in 2018.
According to the law on the Energy Efficiency Fund, it is created to support energy efficiency initiatives, introduce incentive measures and support the implementation of measures to improve energy efficiency of buildings and energy saving, including in the residential sector.
The fund can receive financial contributions from governments, agencies and institutions of foreign countries, as well as from international financial institutions (IFIs), in the form of targeted grants or in other ways on the basis of a relevant treaty. The fund provides for an independent and transparent separate accounting of these contributions and assistance in accordance with the legislation of Ukraine.
