Ukraine interested in strengthening cooperation with E5P Fund

Ukraine is interested in strengthening cooperation with the E5P Fund, which will help ensure the implementation of infrastructure modernization projects in the country.

Deputy Minister for European Integration Yaroslav Demchenkov stated this at a meeting of the Assembly of Contributors of the Eastern Europe Energy Efficiency and Environment Partnership (E5P), the Ukrainian Energy Ministry reports.

"Cooperation with the E5P Fund plays a special role for our country. The implementation of projects to modernize infrastructure, in particular, district heating and public buildings, makes Ukraine one step closer to the common European goal - climate neutrality," he said.

During the meeting, a report on cooperation with Ukraine was represented. According to the report, among the tasks facing the Government of Ukraine is to decrease the country's energy intensity and reduce the negative impact on climate change, in particular, through decarbonization and energy efficiency. This will be especially important in the recovery phase after the coronavirus pandemic and quarantine restrictions.

The Assembly of Contributors of the E5P Fund has approved new projects for Ukraine. In particular, it is a project to increase energy efficiency in Luhansk City Hospital and upgrade street lighting in the city of Kherson by NEFCO, as well as the project “Dnipro Energy Efficiency in Public Buildings” by EIB.

Yaroslav Demchenkov also called on the Assembly to support the project "Public Buildings Energy Efficiency” by the EBRD, as its implementation is an important part of restoring the country's infrastructure.

The Eastern Europe Energy Efficiency and Environment Partnership (E5P) is a EUR 200 million multi-donor fund that encourages municipal investments in energy efficiency and environmental projects in the Eastern Partnership countries such as Armenia, Belarus, Georgia, Moldova and Ukraine. The decision about the establishment of the E5P Fund was adopted in 2009, jointly with the European Bank for Reconstruction and Development, European Commission, European Investment Bank, the Nordic Investment Bank, the Nordic Environment Finance Corporation, the International Bank for Reconstruction and Development and the International Finance Corporation.

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