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Interview with Yulia Shevchuk, Chief Investment Advisor at the Nordic Environment Finance Corporation (Nefco), by Interfax-Ukraine

Nefco launched the Green Recovery Programme for Ukraine in 2022 in response to Russia’s aggression. What are the results so far?

We are very active in this programme, which currently includes more than 60 projects, with several more anticipated. Despite the war, we have already managed to complete some 30 projects.

The main areas of focus are increasing the energy efficiency of public sector buildings, renovating and constructing new housing for internally displaced persons and improving critical infrastructure. We have been working to modernise systems for water and heat supply, as well as waste management, contributing to sustainable development.

We have now managed to attract over EUR 330 million for this programme. Of this, approximately two-thirds was provided by the European Union and one-third by our Nordic donor countries (Denmark, Finland, Norway, Sweden) and the Eastern Europe Energy Efficiency and Environment Partnership (E5P).

As far as I remember, one of the first projects under this programme was for the restoration of critical infrastructure, primarily in the liberated Kyiv region.

That’s right. The first phase is a EUR 50 million initiative aimed at restoring key municipal infrastructure, including water supply, sewerage and heat supply systems, in 12 communities in the Kyiv region (Borodyanka, Borshchahivka, Dmytrivka, Dymer, Gostomel, Irpin, Ivankiv, Kalynivka, Nemishayeve, Piskivka, Slavutych and Velyka Dymerka). Most of these are small communities, and together with the community support consultant we have made significant efforts to implement these projects.

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