The European Bank for Reconstruction and Development said Thursday it will consider investing in energy efficiency projects in Ukraine as part of a plan signed with Ukraine's government.
The bank and the government have signed the Sustainable Energy Action Plan to outline actions to promote the rational use of energy resources as well as the efficient and sustainable supply of power and energy, the EBRD said. The bank will invest in industrial energy efficiency, credit lines to small and midsized business energy users, clean power and energy supply, renewable energy, municipal infrastructure and carbon finance.
The bank and the government will jointly perform a review of tariff methodology and legislation, the introduction of legal frameworks for renewable energy development as well as for energy efficiency in residential and public buildings in Ukraine, one of the less energy-efficient countries of the region.
No figures of the future investment were provided.