The country’s residential buildings could potentially absorb energy efficiency investments worth around EUR60bn.

Once implemented, such investments may result in energy savings of over 60 million MWh per year, EBRD said.

The program, funded by the EBRD’s Shareholder Special Fund, is designed to assist the Ukrainian Ministry of Housing and Communal Services.

It will examine issues related to legal and regulatory framework, general awareness, capacity and low penetration of energy efficient technologies in the country.

It will also help develop a web-based information platform and prepare legislation necessary for energy efficiency investments into the sector.