In 2015 the Parliament adopted laws aimed at creating a market of energy services. Local authorities in 5 regions of Ukraine have already announced 26 energy service tenders in 2016, and the first projects are under way in the public sector.
Energy services allow investing in energy efficiency improvements at budgetary institutions, getting the money back and ultimately making profit through resulting cost savings. The company Ukrainian Energy Trust stepped forward as investor for a project that will help two schools in Mirgorod District of Poltava Region to cut natural gas consumption by 60%. ILF provided legal advice on the project.
In the course of their work ILF lawyers represented the investor at negotiations with clients. They also prepared detailed implementation guidelines and tender applications as well as the project’s legal base – a draft energy service contract that takes into account legal requirements for the terms of such contracts and project funding, risks associated with premature termination, and equipment maintenance conditions.
Energy law expert Ivan Bondarchuk worked on the project with Mikhail Grinkievich and Valentin Krylovietskiy, under supervision of ILF partner Serhiy Silchenko.
In addition, on 7 November Serhiy Silchenko will share his knowledge on energy service projects in public sector at the II German-Ukrainian Forum “Bioenergy, Energy Efficiency and Agribusiness”: https://www.facebook.com/BEAforum