DEVELOPMENT OF THE CORPORATE STRUCTURE OF THE ENERGY EFFICIENCY FUND

DEVELOPMENT OF THE CORPORATE STRUCTURE OF THE ENERGY EFFICIENCY FUND
Stakeholders:
Create a corporate structure of the State Energy Efficiency Fund, which takes into account the requirements of both the Ukrainian side and international partners, and also provides:

1. Transparent management of the Fund (make corruption schemes impossible)
2. Ability to provide projects with grant funds from two sources simultaneously
3. Ability not to return budget funds from the Fund at the end of each budget year
4. Compliance with the law
Tasks
The corporate structure of the Energy Efficiency Fund was created on the basis of the best European practices, adapted to the Ukrainian realities and agreed between all stakeholders
Approach
Result
The State Energy Efficiency Fund was established as an independent state institution, which is managed by a coordinating council (including representatives of donors and Ukraine), a supervisory board and a board of directors;
Grants are provided after passing through three stages of verification and approval of the project by independent experts and the board of directors