UAH 400 million budgeted for financing Energy Efficiency Fund

UAH 400 million budgeted for financing Energy Efficiency Fund

UAH 400 million (about USD 15.2 million) will be allocated from the state budget of Ukraine for financing the Energy Efficiency Fund in 2018. The government expects to raise another UAH 800 million (about USD 30.5 million) from the international donors.

This is reported by the Governmental portal referring to the draft state budget 2018, which will be submitted for consideration by the Verkhovna Rada tomorrow, September 22.

"UAH 400 million will be allocated for financing of the Energy Efficiency Fund in 2018. This is stipulated by the draft state budget of Ukraine for 2018. Another UAH 800 million will be raised from the international donors within the next year," the statement reads.

UAH 400 million from the Energy Efficiency Fund will be spent on the “warm loans” program, the public program to partially compensate the cost of loans for modernization of heating efficiency and increase of energy efficiency in the Ukrainian housing sector.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: