"We have provided the financial basis for the Energy Efficiency Fund by increasing its authorized capital to UAH 1.6 billion. This funding was planned in the State Budget for 2018. This will allow us to launch the full-fledged work of the Fund as well as to implement energy efficiency programs in the residential sector", said Hennadii Zubko, Vice Prime Minister/Minister of Regional Development, Construction, Housing and Utilities of Ukraine, at a meeting of the Government, commenting on the adoption of the relevant resolution.

"In addition to budget funds, the Fund programs will be co-financed by international partners. During the year we have adopted an effective legal framework necessary for launching large-scale thermo-modernization in the residential sector with the help of the Energy Efficiency Fund. 9 necessary CMU regulations designed to regulate the operation of the Fund have been approved, 3 international agreements on financing and establishment of the multi-donor fund signed, support of donors - EU, GIZ, IFC, World Bank, UNDP - coordinated", said Hennadii Zubko.

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