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Ukraine to spend $1bn on energy-saving projects

Staff writer |
In the next two to three years Ukraine is planning to raise $1 billion for the implementation of energy-saving projects.

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This has been announced by Deputy Prime Minister Oleksandr Vilkul during the launch of the first stage of a wastewater treatment plant in the village of Yamnytsa near Ivano-Frankivsk, reports Ukrinform.

"Ukraine will implement the projects not only with the support of the World Bank. Currently there are negotiations with the EBRD, with other international institution to attract a billion dollars in the next two to three years. This is quite a powerful resource that will allow us to reduce the consumption of gas and electricity and certainly improve the quality of services for households," Mr. Vilkul noted.

Currently, 14 cities in Ukraine implement the World Bank's Local Urban Infrastructure Development Project. The project value is $140 million. With the funds from the World Bank, Ivano-Frankivsk has already opened the first stage of the aeration plant for water treatment. The total project cost makes $11 million.

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