Business news from Ukraine

NUMBER OF ENERGY EFFICIENCY LOANS INCREASES IN UKRAINE

Apartment building co-owners associations are demonstrating a growing interest in energy efficiency measures in 2018 compared to last year, as evidenced by the results of June, the State Agency for Energy Efficiency and Energy Saving has said. “More than 300 apartment building co-owners associations raised UAH 90 mln in energy efficiency loans this June, which is five times [or 80%] higher than last June. Around 90 associations received UAH 18.5 mln in energy efficiency loans then,” the state agency’s press service reported on July 8, 2018.
The agency also said that the monitoring of the program implementation has shown homeowner associations’ greater interest in getting energy efficiency loans as well as their growing trust and confidence in the mechanism of co-financing energy efficiency measures.
Some 930 homeowner associations raised UAH 260 mln in energy efficiency loans over two and a half months in 2018, which is almost twice as much as UAH 140 mln – the sum of money they received for heat insulation projects throughout 2017.
“The apartment building co-owners associations should continue preparations for the next heating season and insulate their houses with the help of energy efficiency loans,” Chairman of the State Agency for Energy Efficiency Serhiy Savchuk said and added that benefits of the loan program included the opportunities to save the costs of energy efficiency measures, reduce utility bills and increase the value of apartments in modernized buildings.

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