OREANDA-NEWS. August 26, 2013. “Energy effective economics is among the priority tasks of the national policy. And drawing investments into this area is an integral part,” the head of State Agency for Energy Efficiency and Energy Saving Mykola Pashkevych has said in the course of a meeting with a representative of Frankfurt school of finance and management Ivan Koryakin.

“In order to achieve European goals we need around Eur 100 bln, in which Eur 60 bln for housing and communal services area, after that - heavy industry, agriculture etc. One more direction is renewable energy industry, especially in the part of development of its petty segment. For instance, it is vital to activate projects with low determined capacity up to 1 MW,” Mykola Pashkevych stressed.

In turn, Ivan Koryakin informed that the described priorities coincided with targets of one of the leading European banks, that planned to enter the market of Ukraine the following year. Notably, it concerns Development Bank of Austria (OeEB). “It is planned that the investment portfolio of the bank for energy effective projects will make up USD 100 mln. Financing will carry out at generally accepted interests for 5-year’s term. For the small and average businesses it is an interesting segment,” he added.

The head of State Agency for Energy Efficiency and Energy Saving of Ukraine assured such initiatives were needed for Ukraine and the State Agency would encourage coming of new investors. In particular, he emphasized that the Agency carried out state expertise of energy efficient projects, so the specialists could render professional consultations in these issues.