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EBRD to provide €75 million to support energy efficiency drive
Journal Staff Report

KIEV, April 7 - The European Bank for Reconstruction and Development is providing additional resources to support Ukraine's energy efficiency drive with the launch of the EUR75 million Ukraine Residential Energy Efficiency Financing Facility (IQ energy).

The amount of the first tranche will be EUR15 million, Ukrainian Finance Minister Natalie Jaresko said during a joint program presentation with the EBRD in Kiev.

"The EBRD is funding the program and launches it today. Ukraine will obtain additional opportunities for economic development. With the help of the program energy consumption in buildings will be reduced, which will free necessary resources," she said.




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