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EU allocated 100 million euros to boost energy efficiency in Ukraine

Christian Fernsby |
The European Union (EU) has allocated 80 million euros (88.2 million U.S. dollars) to support an energy modernization program under the European Energy Efficiency Fund (EEEF), Ukrinform news agency reported.

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Topics: UKRAINE   ENERGY   

The EU has also earmarked another 20 million euros (22 million U.S. dollars) for technical assistance in the implementation of the program, according to the report.

In July, the EU-backed EEEF has signed an agreement with the International Finance Corporation, a member of the World Bank Group, under which the partners will allocate 235 million dollars to upgrade Ukraine's energy efficiency for some 6,000 homes over a four-year period.

The EEEF will provide grants and technical solutions.


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