Business news from Ukraine

NESTLÉ INVESTS OVER UAH 10 MLN IN 22 ENERGY EFFICIENCY PROJECTS IN UKRAINE

Nestle, one of the world’s largest producers of food products, has invested more than UAH 10 million in energy efficiency projects in Ukraine, said CEO at Nestle Ukraine Ansgar Bornemann. “The company has invested more than UAH 10 million in 22 energy efficiency projects in Ukraine. This allowed 8% energy savings,” he said at a press conference in Kyiv on Wednesday. The top manager also reported on investing UAH 1 million in 12 projects to install special environmentally friendly equipment. “This allowed us to reduce water consumption by 189 tank wagons at the company’s three factories,” he said. Nestle began operations in Ukraine in 1994 with the opening of a representative office. It markets such international brands as Nescafe, Nesquik, Nuts, Friskies, KitKat, etc.

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GERMANY READY TO FINANCE ADDITIONAL EUR 14 MLN FOR ENERGY EFFICIENCY FUND

Germany is ready to allocate EUR 10 million for projects of the Energy Efficiency Fund and EUR 4 million for the training of energy auditors and training of the Fund’s employees, Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko has said. “The German government is ready to sign an agreement with IFC – International Finance Corporation – on adding additional EUR 10 million to the Multi-Donor Fund for co-financing the projects of the Energy Efficiency Fund of Ukraine,” Zubko wrote on his Facebook page.
He also said that the German government had agreed on the implementation of the project of technical assistance to Ukraine in the training of professional energy auditors and training of the Fund’s employees in the amount of EUR10 million.
As earlier reported, the Cabinet coordinated a joint program with the EU for financing the Energy Efficiency Fund in the amount of EUR 268 million. According to the Ministry of Regional Development’s press service, EU assistance in 2018 will be EUR 50 million, in 2019 – EUR 54 million. The press service also recalled that the financing of the Energy Efficiency Fund from the state budget will be UAH 1.6 billion in 2018.

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