Ukraine Energy Efficiency Programme (UKEEP)

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The Ukraine Energy Efficiency Program is a credit line established by the European Bank for Reconstruction and Development in 2007. UKEEP aims to provide targeted financing for energy saving projects in the Ukrainian private companies, which is disbursed via partner financing institutions, i.e. commercial banks. Currently UKEEP has three partner banks: Raiffeisen Bank Aval, Ukreximbank, and MegaBank.

The key benefit of the UKEEP Programme is 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 are invited to apply for UKEEP financing. Decreasing energy consumption or usage of renewable energy sources for own needs are the key eligibility criteria for the projects. Learn more about criteria for clients and projects.

Achievements as of 4th Quarter, 2015
Since 2007

- 5 partner banks

- 125 implemented projects in energy efficiency and renewable energy fields

- 560 applications received and screened by experts

Total Energy Savings 2,070 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 640,000 tons per year


Donor support during 2007-2013 was carried out by Swedish International Development Agency, the European Union, and Austrian Federal Ministry of Finance