The agreement with the EU on developing activities of the Energy Efficiency Fund was signed
Yesterday, August 10, 2022, Olga Stefanishina, the Vice-Prime Minister for European and Euro-Atlantic Integration of Ukraine on behalf of Ukraine signed an additional agreement with the EU on financing the measures ‘Energy Efficiency Program of Ukraine – EE4U’ aimed at developing the activities of the Energy Efficiency Fund.
In particular, the signed Agreement provides for the extension of the Program to support the energy modernization of multi-apartment buildings ENERGODIM for three years, until 2026. The Agreement also aims to improve cooperation between donors, the multi-donor trust fund, the International Finance Corporation and the Energy Efficiency Fund.
"Energy independence, energy sustainability through the introduction of energy-efficient measures is an important element of our development and national sustainability. We continue to implement EU best practices on smart consumption and energy conservation together with our partners," said Ms. Olga Stefanishina.
Ehor Fareniuk, CEO of the Energy Efficiency Fund, commenting on this event, emphasized that signing the said Agreement is important not only for the development of energy efficiency, but also for the restoration of homes damaged by military actions.
‘We thank the Government of Ukraine and our international partners for their understanding and support. As of today, despite the military actions of the aggressor state on the territory of Ukraine, the demand of co-owners for participation in the ‘ENERGODIM’ Program is growing. Those participants who applied for participation before the introduction of the military situation in the country are actively implementing their measures. So, it is very important to continue the implementation of the Fund’s Program – this is the right way to energy independence of our country. In addition, the signing of the EE4U Agreement is an important step toward the launch by the Fund of a new recovery program, aimed at supporting co-owners of multi-apartment buildings to restore housing damaged by war,’ said Mr. Ehor Fareniuk.
As a reminder, the Energy Efficiency Fund in cooperation with the International Finance Corporation (IFC), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the United Nations Development Program (UNDP) provides implementation of the Program to support the energy modernization of multi-apartment buildings ENERGODIM. The source of funding for this Program in the issue of grants is the funds of the Fund’s authorized capital, which is formed in accordance with the procedure established by the law at the expense of the State Budget of Ukraine. An additional source of funding/reimbursement for grants is funds received from donors (contributions from the European Union and the Government of Germany) within the scope of the Agreement on Financing the Energy efficiency Program in Ukraine – EE4U and the Agreement on Financing the Energy efficiency Program in Ukraine – EE4U-II.
At the same time, the war prompted the Fund to expand its sphere of activity. Having extensive experience of cooperation with international donor organizations, the Fund specialists have formed a project of the most simple grant recovery program, the key goal of which is financing construction works on partial renovation of residential buildings damaged as a result of military aggression of the russian federation.
One of the conditions for launching the new program was the signing of the international agreement EE4U and now it is executed.