NEFCO Finland Ukraine Trust Fund. Coordination and Management Consulting Services

The Finnish Ministry for Foreign Affairs and the State Agency on Energy Efficiency and Energy Saving of Ukraine have signed a Memorandum of Understanding (MoU) in the Fields of Energy Efficiency, Renewable Energy and Alternative Types of Energy Sources. MFA and SAEE are interested to strengthen the cooperation between Finland and Ukraine and have decided to promote the development of cooperation with emphasis in the fields of energy efficiency, renewable energy, waste-to-energy and smart energy systems. Cooperation comprises power and heat generation, biofuels, district heating networks and smart energy systems.

MFA established a Trust Fund for the management and disbursement of funds for the purpose of financing capacity building, institutional strengthening and demonstration projects in the agreed fields of cooperation. The Nordic Environment Finance Corporation (NEFCO) was responsible for the management and administration of the Trust Fund. FCG was assigned for Coordination and Management of the Trust Fund activities.