Bill on Energy Service Companies in Ukraine is approved

newsParliament adopted the draft law "On introduction of new investment opportunities, safeguarding the rights and legal interests of businesses implementing large-scale energy modernzation" (UA). The draft is the result of collaboration among SAEE, Ministry of Regional Development and MPs; four parliamentary factions reached a compromise and four parliamentary committees.

"Today Ukrainian legislation cannot offer special provisions for the implementation of legal energy service contracts, which makes it impossible to attract investments to increase effective use of energy resources. Financing of energy efficiency projects by attracting private capital through the implementation of the mechanism will provide ESCO services for decades to solve complex energy saving issue in the public sector and reach more objects that would reduce current budget expenses for the maintenance of buildings and ensure effective implementation of governmental programs on energy efficiency improvement" - said Chairman of State Agency for Energy Efficiency and Energy Saving, Mr. Sergiy Savchuk.


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