Ukraine initiates creation of an Energy Efficiency Fund in 2016 and invites the Government of Sweden to join it.

This was stated by Vice Prime Minister of Ukraine, Minister of Regional Development, Construction, Housing and Utilities Hennadii Zubko during a meeting with Swedish Minister for International Development Cooperation Isabella Lövin.

The official stressed that Ukraine was interested in the introduction of modern technologies that would enable to save, reduce consumption, and eventually replace natural gas with alternative fuels.

In her turn, Isabella Lövin appreciated carrying out reforms in Ukraine, particularly in the energy area.

Hennadii Zubko also reminded that the German Government had already expressed its interest in participating in the Energy Efficiency Fund and had become involved in the development of its model.

"The energy efficiency market of Ukraine makes up about EUR 55 billion. We are establishing transparent and clear conditions for the arrival and activity of investors in the energy efficiency area," the Vice Prime Minister of Ukraine noted.

The Vice Prime Minister of Ukraine recalled that laws on energy service companies, specifics of ownership of an apartment building aimed at providing conditions for market efficiency had been already adopted. The next step would be the adoption of laws on public utilities and commercial accounting, as well as energy efficiency of buildings.