Ukraine, Moldova to work on energy efficiency projects
"A memorandum of understanding in the sphere of energy efficiency, renewable energy and alternative fuels was signed between the State Agency on Energy Efficiency and Energy Saving of Ukraine and the Energy Efficiency Fund of the Republic of Moldova as part of the ninth International Investment Business Forum 'Renewable Energy and Energy Efficient Modernization of Industry,'" the statement reads.
It notes that the intentions of the two countries to cooperate were confirmed by Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine Serhiy Savchuk and acting Executive Director of the Energy Efficiency Fund of Moldova Sergiu Corin.
According to Savchuk, the provisions of the memorandum stipulate the search for grants from the European Union and joint submission of applications from Ukraine and Moldova to obtain financing for energy efficiency projects. He said that both parties maximally were interested in fruitful cooperation.
Since 2012, the Energy Efficiency Fund has successfully funded over 250 energy efficiency and renewable energy projects in Moldova worth more than $28 million.
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