Germany to provide up to EUR 100 mln to Energy Efficiency Fund - Poroshenko

Germany will provide up to EUR 100 million to the Energy Efficiency Fund, Ukrainian President Petro Poroshenko has said.

"Now using the energy consumption and energy saving fund mechanism our partners from Germany are providing up to EUR 100 million – this is UAH 3 billion. The International Finance Corporation will conduct an audit. It will be a member of the supervisory board of the fund jointly with recognized authorities to ensure the effect use of each kopeck of budget funds," Poroshenko said on Thursday in Kyiv during the events devoted to the signing of the bill on the Energy Efficiency Fund.