The Verkhovna Rada adopted the law on energy efficiency Fund

The Verkhovna Rada adopted in first reading draft law No. 5598 On “energy efficiency Fund” from December 26, 2016. The corresponding decision at the session of the Parliament on Tuesday supported by 227 deputies.

“It is very important that law as technical, financial tool, enabling not only efficient use of state budget funds, but also to attract international assistance… the European Union clearly confirmed that stand beside us, ready to support financially in the amount of 100 million euros, is the filling of this Fund,” he said, speaking in Parliament, Deputy Prime Minister – Minister of regional development, construction, housing and utilities Gennady Zubko.

He added that the Supervisory Board of the energy efficiency Fund will be submitted to the international Finance Corporation (IFC), which will technically support its work, and with the support of the EU in each region of Ukraine will create a free technical assistance centres in the field of energy efficiency.

Zubko urged deputies to support the draft laws necessary for full implementation of the reform of energy efficiency in Ukraine: “On housing and communal services”, “On commercial accounting utilities” “On energy efficiency of buildings”.

As earlier reported, the launch of the state energy efficiency Fund was planned for April 2017.

According to Zubko, the Fund will help to reduce the loss of gas in the heating system and the residential sector of the country, which annually is 2.4 billion cubic meters and 9 billion cubic meters, respectively, to create up to 75 new jobs, as well as for five to eight years to run the services market in energy efficiency with a volume of approximately 30 billion euros, the main party which will be small and medium businesses.

According to the Minister, the Fund will be monitored by an independent Supervisory Board composed of representatives of the international partners and the government. At the same time, the technical office of the Foundation will develop model projects for modernization of houses and financial instruments for their implementation.

The work of the Fund will be spent on interaction with the owners of private and residential buildings with the aim of increasing the efficiency class of such buildings and payment of costs for the implementation of the program.

The amount of compensation to households will depend on how to change the class of energy efficiency of a residential building as a result of implementation of the project.

The maximum amount of compensation to co-owners of apartment buildings (condominiums) will be 50% refund if the building’s energy efficiency, the project will increase to class A according to international standards.

Recall, for the financing of energy efficient measures, tenants can try to attract money from the city for the program 70/30.