The result of discussions of proposals from the participants of the sectoral working group on energy as part of the preparation of the Plan for Ukraine Facility
A discussion of proposals from the members of the Energy Sector Working Group, which is working to prepare a plan for the implementation of the Ukraine Facility program and to develop sectoral development strategies, took place. The meeting was attended by representatives of the Ministry of Energy of Ukraine and registered participants representing various energy sectors.
Based on the results of the expert discussions, 32 policies were identified and recommended for implementation. They include the European integration of the Ukrainian market, preparation and improvement of the framework for promising energy sources and energy facilities, simplification of the permitting system and connection procedure, and market liberalization.
In addition to the Government’s efforts to develop the sector, a special investment instrument under the Ukraine Facility program will allow investors to obtain financing through the EBRD, EIB and other international financial institutions, with EUR 8 billion available to cover risks in priority sectors.
The total expected investment effect may exceed EUR 30 billion.
