Cabinet of Ministers of Ukraine approved the model energy service agreement (ESA) in line with the new Law No. 327-VIII “On the Implementation of New Investment Opportunities, Ensuring Rights and Legitimate Interests of Individual Entrepreneurs for the Performance of Large-Scale Energy Sector Modernisation”, adopted by Parliament on 9 April 2015. Public institutions may now execute ESAs with private energy service companies (“ESCOs”) following the applicable public procurement procedures.
ESCOs will be paid for their services out of the funds saved by the customers due to the energy efficiency measures. Government intends to implement international ESA practice, which is widely recognised as an efficient financial vehicle for funding energy efficiency programmes. Read more at http://www.cms-lawnow.com
ESCOs will be paid for their services out of the funds saved by the customers due to the energy efficiency measures. Government intends to implement international ESA practice, which is widely recognised as an efficient financial vehicle for funding energy efficiency programmes. Read more at http://www.cms-lawnow.com
