Business news from Ukraine

SCANDINAVIAN COUNTRIES WILL ISSUE EUR 3.8 MLN FOR ENERGY EFFICIENCY IN UKRAINE

6 March , 2018  

The government of Norway and other Scandinavian countries will additionally issue almost EUR3.8 million in 2018 to finance new projects aimed at increasing the energy efficiency of social facilities located in the conflict-affected eastern regions of Ukraine.
“The project of the Nordic Energy Efficiency and Humanitarian Support Initiative for Ukraine (NIU) provides for the reconstruction of public buildings to reduce energy costs for their heating, lighting and hot water supply, as well as the introduction of LED street lighting,” the press service of the Ministry for Temporary Occupied Territories and Internally Displaced Persons said.
It is noted that the NIU fund, created in 2014, finances energy saving measures in schools, children’s and medical institutions, street lighting in the southeast of Ukraine in the cities affected by the military conflict. Since the start of its activities, the fund has financed 25 projects in 21 cities in Donetsk and Luhansk regions, as well as in the neighboring regions for EUR12 million.