PM Groysman: Launch of Energy Efficiency Fund starts energy efficiency reform

"The State Energy Efficiency Fund will operate starting next year ... This is only the beginning of creating a system platform for introducing high-quality energy efficiency ... We will increase resources to make Ukraine energy efficient so that people see their homes warm and cosy, while paying a moderate price for [utility] services," he said.

Read alsoPoroshenko signs law on energy efficiency fundAs UNIAN reported earlier, in early June 2017, the Verkhovna Rada of Ukraine passed a draft law on the Energy Efficiency Fund, envisaging the creation of an organizational structure to effectively use financial resources for thermal and energy modernization of Ukrainian households.

Read alsoPresident enacts law on mandatory installation of meters for central heating, water suppliesThe draft budget for 2018 stipulates that the total amount of investments in energy efficiency programs will amount to UAH 1.6 billion, of which UAH 400 million will be allocated for the so-called "warm" loans program provided for improving energy efficiency of households, while the rest UAH 1.2 billion will be channeled to the Energy Efficiency Fund. The German government and the European Commission will provide part of the funds.