Ukraine will attract a loan for €300 million for energy efficiency

At a meeting on September 23, the Cabinet of Ministers of Ukraine approved 2 draft orders that allow attracting loans from the European Investment Bank for the implementation of the project "Energy efficiency of public buildings in Ukraine" in the amount of €300 million, Economichna Pravda reports.

“Implementation of the order “On attracting loan funds from the EIB for the implementation of the project “Energy efficiency of public buildings in Ukraine”, prepared by the Ministry of Regional Development, will allow the implementation of energy efficiency measures in small towns, significantly reduce the burden on state and local budgets by saving energy costs on energy efficiency. The project will be implemented in kindergartens, schools, hospitals, administrative and other buildings of social and cultural significance,” the press service of the Ministry of Regional Development said.

By another order, the Cabinet of Ministers formed the personal composition of the Ukrainian delegation from representatives of the Ministry of Regional Development, the Ministry of Finance, the Ministry of Economy, the Ministry of Foreign Affairs and the Ministry of Justice and directives to participate in negotiations with the EIB for further signing a financial agreement and implementing the project "Energy efficiency of public buildings in Ukraine".

“Reaching an agreement with the EIB on a long-term low-interest loan aimed at improving energy efficiency in social buildings creates a solid foundation for the implementation of energy efficiency reform and provides a financial opportunity for the development of municipal energy efficient space,” said Minister of Regional Development Oleksii Chernyshev.

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