European Investment Bank supports Ukraine in increasing energy efficiency in public buildings
Wednesday, 07 October 2020 08:23European Investment Bank supports Ukraine in increasing energy efficiency in public buildings o.polyuga Wed, 10/07/2020 - 10:23
As the EU’s climate bank, the European Investment Bank (EIB) will support Ukraine in implementing an ambitious energy efficiency programme. The EIB will help to extend the operational life of about 1,000 key social, healthcare, administrative and cultural buildings by at least 20 years, and reduce CO2 emissions by 1,250,000 tonnes. As a result, 2.5 million people in Ukraine will get benefit from improved living and working conditions.
The support will be provided as a €300 million loan. The EIB and the Ministry of Communities and Territories Development of Ukraine signed the loan agreement at the 22nd EU–Ukraine summit. The loan is provided as one of the components within the COVID-19 support package. It will enable the installation of modern equipment in buildings, such as meters and energy consumption control systems, the modernisation of heating, ventilation and lighting systems, and upgrades to exterior surfaces (facades, roofs, slab insulation, basement ceilings, windows and doors).
Ambassador of the European Union to Ukraine Matti Maasikas said:
“The EU is actively contributing to improving energy efficiency in Ukraine both in public and residential buildings. We can significantly increase Ukraine's energy security through reduced energy consumption, and we are also helping Ukraine to diminish the impact of the COVID-19 crisis by expanding a new market and creating new jobs. We welcome the launch of this new project and trust that it will contribute to further cooperation by the European Union and the European Investment Bank with municipalities, building their capacities in energy efficiency and energy management and reinforce local budgets´ sustainability.”
EIB Vice-President Teresa Czerwińska added:
“As the EU’s climate bank, we are very pleased to be supporting the increased energy efficiency of public buildings and Ukraine’s greater energy independence. Projects like this one improve quality of life, protect the environment and significantly reduce building operating costs, making Ukraine an even better place to live and do business.”
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