Ministry for Communities and Territories Development signed new agreements with the European Investment Bank (EIB) and the E5P multi-donor fund for further implementation of the Public Buildings Energy Efficiency project. Therefore, a grant worth €4 million will be provided from the Eastern European Partnership for Energy Efficiency and Environment (E5P), as well as a grant of technical assistance totaling €4 million from the Neighbourhood Investment Platform (NIP). These grants will help prepare for the implementation of the EUR 300 million loan agreement previously provided by the EIB, stated Minister for Communities and Territories Development  Oleksii Chernyshov.

"Energy efficiency is an integral part of regional development for the coming years. I am grateful to our EU partners from and E5P multi-donor fund for the grant support for the implementation of the EIB framework loan of €300 million to improve the energy efficiency of public-owned buildings. I am convinced that the agreements signed today are an important step on the path to Ukraine's energy independence," the Minister stressed.

It should be noted that another investment grant agreement in the amount of €1 million from NIP is expected to be signed in the near future.

"I am grateful to our partners for their support. The project will allow us to increase the energy efficiency of about 1,000 public buildings, including schools, cultural centers, kindergartens and hospitals, reduce energy use and CO2 emissions, improve energy saving and quality of life," First Deputy Minister for Communities and Territories Development Vasyl Lozynskii said.

Head of the EIB Resident Representation for Ukraine Jean-Erik de Zagon emphasized that energy efficiency plays an important role in combating climate change and ranks high among the EIB's priorities.

"We are pleased to promote and continue to support energy-efficient modernization of public buildings in Ukraine. Together with the EU, in this case through the NIP, and the E5P multi-donor fund, we contribute to improving energy efficiency and sustainable urban development," Jean-Erik de Zagon stressed.

"Given the priority of this Energy Efficiency Program to promote institutional development at the central and municipal levels in Ukraine, E5P donors have given it special support. Such specific actions are key to the overall success of the entire large-scale program and similar future investments," said Adonai Herrera-Martinez, Director, Environmental Funds at EBRD/ E5P.

The project is open to central authorities, local state administrations, local governments, as well as state and municipal enterprises (except private ones) from all regions of Ukraine. Applications for participation and own proposals for energy efficient modernization will be available in early December 2021.

It should be recalled that earlier Minister Oleksii Chernyshov presented the draft law concerning complex thermal modernization of buildings.