NEFCO Nordic Energy Efficiency and Humanitarian Support Initiative for Ukraine
Development cooperation , 16.04.2015

NEFCO Nordic Energy Efficiency and Humanitarian Support Initiative for Ukraine

Description

The Nordic Environment Finance Corporation (NEFCO) is an international finance institution established in 1990 by the five Nordic countries. To date, NEFCO has financed a wide range of environmental projects in Central and Eastern European countries, including Russia, Belarus and Ukraine. The Nordic Ministers of foreign affairs decided in their meeting in 2014 to establish a Nordic energy efficiency and humanitarian support initiative with NEFCO. The Initiative has so far been funded by Norway and Sweden. Finland aims to support the initiative with 3 million euros. Part of the Finnish contribution (EUR 500,000) would be used for the common Nordic initiative through untied funds.The aim is to address energy efficiency and energy savings in municipal services in vulnerable and affected areas in Eastern and Southern Ukraine. The support will be focused on social infrastructure (schools, kindergartens and health services facilities). Another part (EUR 2,500,000) of the Finnish contribution would be used for the delivery and erection of prefabricated transportable buildings (school or kinder garden for est. 300 children) in a municipality that is overstressed due to a significant influx of Internally Displaced Persons.

Funding decision  16.04.2015

3 000 000 €

Target country

Ukraine

Objectives monitored by OECD's Development Assistance Committee

  • Aid to environment
  • Climate change - mitigation

Field of activity

  • Energy policy and administrative management 17%
  • Education facilities and training 83%

Type of aid

Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)

Funding channel

Muut toteuttajat

Contact

itä-20

Code for the object of funding

86501324

ID

UHA2015-005640

Modified

22.04.2015