EU will consider a possibility to grant EUR 100 million to support the Energy Efficiency Fund in Ukraine – a meeting of Volodymyr Groysman with Vice-President of the European Commission for Energy Union

MIL OSI – Source: Government of Ukraine – Press Release/Statement

Headline: EU will consider a possibility to grant EUR 100 million to support the Energy Efficiency Fund in Ukraine – a meeting of Volodymyr Groysman with Vice-President of the European Commission for Energy Union

On Tuesday, July 19, Prime Minister of Ukraine Volodymyr
Groysman and Vice-President of the European Commission in charge of the Energy
Union Maroš Šefčovič
have agreed the European Union will support the development of energy
efficiency in Ukraine. The meeting took place in the framework of a working
visit of the Prime Minister of Ukraine Volodymyr Groysman to Brussels.

Volodymyr Groysman informed his interlocutor that the Government
had recently approved the concept of establishing of the Energy Efficiency Fund,
“which should be a good tool to promote energy efficiency”.

In turn, the Vice-President of the European Commission for
Energy Union announced the EU would possibly provide assistance in filling the
Fund.

He noted that the EU would consider a possibility of
providing support to the Energy Efficiency Fund in the amount of EUR 100
million at the account of both the budget of the European Union and
contributions from its member countries.

During the meeting, Volodymyr Groysman informed the party about
reforms pursued by the Government, in particular in the energy sector. Inter
alia, the Cabinet of Ministers fixed the market price for gas, formed a
Supervisory Board of the NJSC Naftogaz Ukrayiny, approved
an unbundling plan of the company and a strategy of hydropower development,
which, according to him, has great potential in Ukraine.

He also expressed confidence that in September the Verkhovna
Rada of Ukraine would adopt the elaborated jointly with the European Union laws
concerning a national regulator and the electricity market.

Vice-President of the European Commission for Energy Union Maroš Šefčovič
welcomed the Government’s actions to reform the energy sector, in particular
the steps taken in hydropower area.

Apart from that, the sides discussed the support of the EU
aimed at preventing Russia from use of the energy domain as a political weapon,
especially in the context of Nord Stream-2 project.

Among the topics of the conversation of the Prime Minister
and Vice-President of the European Commission for Energy Union was also the use
of spare facilities to transport Caspian oil to Europe via the southern segment
of the Druzhba pipeline.