|
contents | business | |||||||||
| Vattenfall helps Ukraine industry save energy Commissioned by the European Bank for Reconstruction and Development (EBRD), Swedish energy firm Vattenfall is heading a project aimed at significantly reducing the energy consumption of Ukrainian companies. The UKEEP project (Ukraine Energy Efficiency Programme), which was presented at the EBRD annual meeting 18-19 May in Kiev, has so far resulted in considerable energy savings and great reductions in CO2 emissions. Companies in Ukraine use about three times as much energy as their EU counterparts. In order to reduce the industry's energy costs, increase its competitiveness, and significantly reduce the negative impact on the environment, the EBRD decided to launch the energy efficiency initiative UKEEP. Vattenfall Power Consultant has been assigned the task as overall project manager. The participating Ukrainian banks are Kreditprombank, Ukreximbank and Bank Forum. So far, UKEEP has financed a number of projects with a total value of about USD 50 million with considerable success. The currently financed projects will reduce consumption of gas, oil, and coal equivalent to nearly 900 000 MWh annually. This figure corresponds to the annual consumption of household electricity of a city with 500 000 inhabitants (like Helsinki or Dublin centre). In addition, the projects will reduce annual emissions of CO2 by 230 000 tonnes, equating 100 000 cars. write your comments about the article :: © 2008 Construction News :: home page |