Eastern Europe Energy Efficiency and Environment Partnership

Ukraine is one of the most energy intensive countries in the world and depends on imported gas. The Ukrainian government is emphasizing on energy efficiency and renewable energy in its strategies which should to a large extent be implemented by cities and municipalities whose abilities to finance infrastructure and enter into loan agreements are limited. The Eastern Europe Energy Efficiency and Environment Partnership (E5P) was created as a multi-donor trust fund to co-finance municipal investments in energy efficiency and environmental projects. Besides Ukraine E5P also covers other countries of the former Soviet Union, including Georgia.

The overall goal of the E5P is to contribute to the reduction of energy intensity of Ukraine which is presently three times higher than the average of the EU. By leveraging financing for investments into energy efficiency and environmental projects, the E5P contributes to energy savings and the reduction of CO2 emissions in Ukraine. By directing its investments towards municipalities, utilities and homeowners, the E5P empowers cities, utilities and citizens to address their challenges in the fields of energy efficiency and environment.

At fund level:

The leverage of lending from IFIs and beneficiary co-financing [target ratio 4:1]

The improvement of the regulatory frameworks for energy relevant sectors such as district heating and buildings

At project level:

Energy savings

Related cost savings

A substitution of fossil fuel by renewable energy sources

A related reduction of CO2 emissions

Improved reliability of utility services to customers

Increased awareness and behavioural change by energy consumers

Risultati principali attesi:  

Rehabilitated district heating networks

Installed individual heat substations in district heating networks

Installed operation control systems (SCADA) in district heating networks

Rehabilitated existing boiler houses for heat generation

Installed co-generation plants

Installed waste-to-energy plants

Installed biomass fuelled heat generation plants

Improved thermal insulation in public buildings

Modernized lighting systems in public buildings

Mobilized lending through Ukrainian commercial banks to homeowners, housing associations, condominiums and cooperatives to implement energy efficiency measures in buildings

Dispensed training and capacity building measures

Fase 1 31.10.2016 - 31.12.2021   (Completed)