Business news from Ukraine

REGIONAL DEVELOPMENT MINISTRY: UKRAINE NEEDS $57 BLN OF INVESTMENT IN ENERGY EFFICIENCY

11 April , 2016  

KYIV. April 11 (Interfax-Ukraine) – The total amount of investment required for energy efficiency measures in Ukraine is $57 billion, according to an analytical report by the Ministry of Regional Development, Construction, Housing and Utilities Services, posted on the ministry’s website.

According to the ministry, at the extent of investment in the energy efficiency Ukraine could reduce the annual consumption of natural gas for heating from 18.6 billion cubic meters (bcm) to 7.2 bcm.

According to the report, most investment is required for rehabilitation of private houses and multi-apartment buildings – $28 billion and $17 billion respectively. Such measures will allow to reduce the annual consumption of natural gas for heating by 4.7 bcm and 2.3 bcm, respectively.

The modernization of the sector of heat generation and heat supply networks will allow to reduce the annual consumption of natural gas by 2.4 bcm, this requires $6 billion of investment.