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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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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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