Bloomberg News

EBRD to Fund Ukraine’s Energy Efficiency Projects, Izvestia Says

July 03, 2012

The European Bank for Reconstruction and Development may invest at least 100 million euros ($126 million) next year to improve the energy efficiency of apartment buildings in Ukraine, Ekonomicheskie Izvestia reported, citing EBRD’s senior project manager Sergiy Maslichenko.

The EBRD will provide financing after Ukraine reforms its management system of the apartment buildings, according to the newspaper. The cost of improving the external insulation residential buildings in Ukraine may be as much as 30 billion euros, Izvestia said.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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