Ukraine’s Energy Efficiency Fund to be launched in Q1 2019

Ukraine’s Energy Efficiency Fund to be launched in Q1 2019

The Ukrainian Energy Efficiency Fund will be launched in the first quarter of 2019.

Deputy Prime Minister - Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko said this during a round table in the Verkhovna Rada, an Ukrinform correspondent reported.

"The MPs have the opportunity to make a proposal to increase the financing of "warm loans". A competitive selection of members of the Supervisory Board of the Energy Efficiency Fund, which will take all the decisions, is being held. The Fund will be launched in the first quarter of 2019," Zubko said.

According to him, UAH 1.5 billion will be allocated to the authorized capital from the state budget. Another UAH 3 billion will be provided by international partners to co-finance the institution.

According to Zubko, UAH 55 billion, which is now spent on subsidies, will be gradually redirected and reinvested in thermal modernization.


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: