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The EIB lends US$300m for an energy efficiency project in Ukraine

8 Oct 2020

The European Investment Bank (EIB) has signed a €300m loan with the Ministry of Communities and Territories Development of Ukraine to finance a public buildings energy efficiency project. The project will increase energy efficiency in some 1,000 buildings (mainly kindergartens, hospitals and schools), save more than 1.2 Mt of CO2 and benefit 2.5 million people. The loan will enable the installation of modern equipment in buildings, such as upgrades to exterior surfaces (facades, roofs, basement ceilings, replacement of windows and doors), the modernisation of heating, ventilation and lighting systems, and the installation of meters and energy consumption control systems.

Ukraine approved a draft National Energy Efficiency Action Plan (NEEAP) in 2015; it aims to achieve a 9% decrease in final energy consumption by 2020 (6.5 Mtoe), compared to the average final consumption for the period 2005-2009. Of the total savings, 50% should be achieved in the residential sector, 25% in industry, 16% in the services sector and 9% in transport. In the Energy Strategy "Safety, Energy Efficiency and Competitiveness" of 2017, Ukraine aims to decrease its energy intensity by 50% compared to 2015.

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