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Ukraine's Energy Efficiency Fund may raise UAH 5 bln in five years - Vice Prime Minister

Ukraine's Energy Efficiency Fund may raise UAH 5 bln in five years - Vice Prime MinisterVice Prime Minister and Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko says that it is possible to raise UAH 5 billion in finance from international donor for the Energy Efficiency Fund in the first five years of its work.

"In the first five years, our Energy Efficiency Fund will be able to raise UAH 16.5 billion, including UAH 5 billion from donors," Zubko told Ekonomichna Pravda economic news portal in an interview.

According to him, Ukraine has preliminary agreements with the European Union and Germany to support this initiative. In particular, the EU and Germany are ready to maintain the Fund's technical office.

Read also: Ukraine's Energy Efficiency Fund to be launched by January 2017

As was reported the Regional Development, Construction, Housing and Utilities Ministry plans to launch the Energy Efficiency Fund by January 2017.
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