On 10 March, EU4Energy launched a technical assistance project to assist Ukraine in the transposition of Regulation (EU) 347/2013, which aims to facilitate investments in energy infrastructure.
Representatives of the Ministry of Energy and Environmental Protection of Ukraine and Energy Community Secretariat experts discussed ways to put the new project in motion. The draft legislation will be developed with EU4Energy assistance by the end of April 2020 and is to rely on the findings of the legal analysis of the current regulatory framework of Ukraine developed by the Secretariat’s experts in 2019.
The Regulation prescribes establishing a national competent authority, setting procedures for the permitting process and defining the methodology and criteria to be used for evaluating investment in electricity and gas projects and the risks incurred by them.
* The EU4Energy Initiative covers all EU support to improve energy supply, security and connectivity, as well as to promote energy efficiency and the use of renewables in the Eastern Partner countries Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. It does this by financing projects and programmes that help to reform energy markets and to reduce national energy dependence and consumption. Over the longer term, this makes energy supply more reliable, transparent and affordable, thus reducing energy poverty and energy bills for both citizens and the private sector.