Eastern Europe Energy Efficiency and Environment Partnership
The Eastern Europe Energy Efficiency and Environment Partnership (E5P) is the leading multi-donor trust fund providing investment and technical assistance grants for sustainable energy and environmental projects in Ukraine and other countries (Armenia, Georgia, Moldova). SECO is making a contribution to the Ukrainian window.
| Country/region | Topic | Period | Budget |
|---|---|---|---|
|
Ukraine |
Climate-friendly growth |
31.10.2016
- 31.12.2020 |
CHF 3'500'000
|
- European Bank for Reconstruction and Development
-
Sector according to the OECD Developement Assistance Commitiee categorisation OTHER MULTISECTOR
Sub-Sector according to the OECD Developement Assistance Commitiee categorisation Urban development and management
Cross-cutting topics The project takes account of democratisation, good governance and human rights as cross-cutting themes.
The project takes account of environment as a cross-cutting theme.
Project number UR00932
| Background |
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. |
| Objectives |
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. |
| Medium-term outcomes |
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 |
| Results |
Expected results: 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 |
| Directorate/federal office responsible |
SECO |
| Credit area |
Development cooperation |
| Project partners |
Contract partner |
| Budget | Current phase Swiss budget CHF 3'500'000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 128'570'000 |
| Project phases |
Phase 1 31.10.2016 - 31.12.2020 (Completed) |