€49 Mln for Energy Efficiency in Buildings of 6 Universities

Wednesday, July 28, 2021
€49 Mln for Energy Efficiency in Buildings of 6 Universities

The European Investment Bank has granted a loan of about €49 mln as part of the “Higher Education” project in Ukraine. In addition, the universities will receive a grant of €10 mln from the Eastern Europe Energy Efficiency and Environment Partnership Foundation E5P

The project provides a comprehensive thermo-modernization of institutions of higher education, in its two stages, 20 higher educational institutions will take part. At the first stage, it will be Vinnytsia national technical university, Kharkiv polytechnic institute, Lviv polytechnic, Poltava polytechnic named after Yuriy Kondratyuk, and Chernihiv polytechnic national university and Sumy state university.

Implementation of the thermo-modernization work at the first six universities should begin in the fall of 2022.

Then they will be joined by eight more universities, which received the right to participate in the second stage of the project on a competitive basis.

The EIB is investing a total of €120 mln in the comprehensive modernization of HEIS in Ukraine as part of the Ukraine Higher education project, part of the EIB and EU support for Ukraine in the field of energy efficiency. The project is also co-financed by the Nordic Environment Finance Corporation to the tune of €30 mln.

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