EU Provide €70M for Ukraine's Energy Efficiency Programme

THE EUROPEAN Union (EU) is to provide Ukraine €70 million for an energy efficiency programme.

Ukraine’s Head of the State Agency for Energy Efficiency and Energy Saving, Mykola Pashkevych, said that the EU is providing the funding in support of a national programme for energy efficiency which will run until 2015.

Pashkevych revealed that each of the tranches of funding will be distributed after the Ukraine has complied in reaching a number of energy efficiency performance indicators.

The funds will be allocated in three tranches: €31 million and two tranches of €16 million each, with another €7 million provided by the EU for technical aid.

According to Pashkevych’s agency, the funds will be given top priority and use finance energy efficiency measures under the State’s targeted economic programme on energy efficiency and the development of renewable energy sources.

Photo of Santa Sofia Cathedral, Kiev, by Ezioman reproduced under CCL.

Friday 23rd September 2011

Add New Comment:


To Comment you must be a member of The ESA, please login or register to join

There are currently no comments, be the first to comment above.