It is expected that Bills will eliminate main obstacles to attracting private capital to the thermal modernization in public institutions and also allowing:
1) ESCOs in budgetary institutions;
2) investors a guaranteed return on investment in energy efficiency of public buildings;
3) incentives for local communities as guaranteed cost remuneration on EE measures.
The draft law also removed the main obstacle to private investment – a 1 year budgetary limit and provided guaranteed return on investment up to 10 years.
Potential energy savings throughout energy service projects in public buildings across the country reach 1 billion cubic meters of natural gas.
More information about the law HERE.