IFC and ministry experts will partner on legislative changes to enable local homeowner associations and housing management companies to access finance to improve energy efficiency in multi-family residential buildings.
Ukraine’s Minister for Regional Development Anatoly Bliznyuk said energy-efficiency reform in the residential sector starts with real ownership and good management practices.
"With IFC’s expert advice we hope to change the situation for the better and make 50 percent energy loss in Ukraine’s residential sector a thing of the past," Bliznyuk said.
The housing sector in Ukraine consumes about 25% of the country’s electricity and 40% of its heat-energy resources.
The project also will help to achieve Ukraine’s targets to reduce energy intensity by 20% by 2015, and by 50% by 2030.
