Ukraine has a huge potential on the market of energy efficient heating of residential and public sector and is interested in expanding enterprises that will use all the modern scientific and technological achievements. Vice Prime Minister - Minister of Regional Development, Construction, Housing and Communal Services of Ukraine Hennadii Zubko emphasised this on Thursday, October 22.

The Vice Prime Minister said that in 2016 it is planned to create a S2I Fund designed to support energy efficiency projects. "The funding mechanism of energy efficiency projects is being created. A concept and roadmap is being developed with the participation of Germany and the EU. S2I Fund will be an important tool for implementing energy efficiency improvement in Ukraine," he said.

Hennadii Zubko has underlined that today the Government is actively working to create the necessary legal framework for implementing energy efficiency projects – it has been adopted laws on ESCO and Condominium Associations, it is expected to adopt a range of bills, including the implementation of EU directives in this area.

According to the official, we have a unique situation today, when three important factors came together.

"First, Ukraine really needs investments in energy efficiency. Secondly, it is the desire of Ukraine to create the most favorable investment conditions. Third, the willingness of our partners to invest in the development of energy efficient technologies," Hennadii Zubko summed up.