Ukraine Energy Efficiency Programme (UKEEP)

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The Ukraine Energy Efficiency Program (UKEEP) was a credit line established by the European Bank for Reconstruction and Development in 2007. UKEEP aimed to provide targeted financing for energy saving projects in the Ukrainian private companies, which was disbursed via partner financing institutions, i.e. commercial banks. Between 2007 and 2016, the following financial institutions participated in UKEEP: Ukreximbank, Kreditprombank, Bank Forum, OTP, Megabank and Raiffeisen Bank Aval.

The key benefit of the UKEEP Programme was the independent technical consulting support provided by the international and local experts, and funded by the Austrian Federal Ministry of Finance.

Small, medium, and large enterprises representing various sectors of economy could apply for UKEEP financing. Decreasing energy consumption or usage of renewable energy sources for own needs were the key eligibility criteria for the projects. 

Achievements as of August 31, 2016
Since 2007

- 6 partner banks

- 133 implemented projects in energy efficiency and renewable energy fields

- 560 applications received and screened by experts

Total Energy Savings 2,073 GWh per year with 60% accounted for gas savings!
Total energy savings in USD More than USD 76 mln. per year                                           (recalculated with current energy prices)
Reduction of CO2 emissions More than 649,000 tons per year


Donor support during 2007-2016 was carried out by Swedish International Development Agency (SIDA), the European Union and Austrian Federal Ministry of Finance.