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Ukraine's 'Warm loans' public program to be extended in 2017

Ukraine's 'Warm loans' public program to be extended in 2017The Ukrainian Cabinet of Ministers at its meeting on Wednesday adopted a decision to extend for 2017 the public program to partially compensate the cost of loans for modernization of heating efficiency and increase of energy efficiency in the Ukrainian housing sector (the 'warm loans' program), the press service of the State Agency for Energy Efficiency and Energy Saving reported.

"The government has extended the popular 'warm loans' program for 2017 and improved the procedure for the provision of compensations under this program. Soon, Ukrainians will be able to make full use of its capabilities and raise non-repayable financial aid from the state for energy efficiency measures," the agency head, Serhiy Savchuk, said.

According to him, the list was of banks participating in the program has been extended in particular to include PrivatBank, which according to Savchuk, will allow enhancing competition among banks, reducing the cost of loans, and attracting more participants.

In addition, a mandatory commercial accounting for the activities on improvement of heating efficiency of apartment block will be introduced.
"Thus, homeowner associations will be able to control the actual consumption of energy at home and assess the efficiency of the implementation of energy efficiency measures. As before, homeowner associations will get 40% non-repayable financial assistance for such measures," Savchuk said.

As reported, UAH 400 million of the 2017 national budget will be sent to provide non-repayable financial assistance to households and homeowner associations to take energy efficiency measures: insulation of buildings, installation of water and heat meters, heaters with thermostatic regulators, replacement of windows, modernization of lighting and other things.
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