Tuesday, May 19, 2015

New laws open doors to ESCOs and energy performance contracting in Ukraine


According to the recently adopted laws, the energy efficiency measures will be implemented at the expense of private Energy Service Companies (ESCOs), while their expenses will be compensated solely from the customers' financial savings due to reduced amounts and costs of consumed energy resources. New laws were developed in close cooperation with international financial institutions, EBRD and World Bank, which are going to provide financial support. Read more at http://www.nrcu.gov.ua/.  The approved mechanism will allow to attract private sector investments in the energy efficiency improvement of 100 thousand public institutions, including thermal retrofitting of their buildings. This will lead to creation of energy service market and thousands of new jobs. Necessary Investments in energy efficiency of the budgetary institutions are estimated in the amount of EUR 4.4 billion. Read more at http://www.kmu.gov.ua/