Ukraine: Emerging Market for Industrial Energy Efficiency Opportunities
BibTeX
@MISC{Steve_ukraine:emerging,
author = {Sriram Somasundaram Steve and Steve Parker and Meredydd Evans and Daryl Brown},
title = {Ukraine: Emerging Market for Industrial Energy Efficiency Opportunities},
year = {}
}
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Abstract
As part of the energy assistance program to help Ukraine shut down the Chornobyl nuclear reactors, the U.S. Department of Energy (DOE) asked the Pacific Northwest National Laboratory (PNNL) to identify and appraise industrial energy efficiency projects in Ukraine. The industrial sector currently accounts for over 60% of Ukraine's energy consumption. Most industrial enterprises in Ukraine use energy very inefficiently because the former Communist system provided few incentives to conserve energy or even account for its cost. Since 1994, however, the country's energy prices have risen close to world levels, and Ukraine finds itself saddled with very high energy costs. The Ukrainian Government is also under pressure to lower natural gas imports and reduce the country's trade imbalance with Russia. As a result, incentives to save energy in Ukraine are now great, and the market for energy efficiency products is growing. The Ukrainian Government estimates that this market will generate from $700 million to $1 billion of new product sales by the year 2000. However, few industrial enterprises have the money necessary for large-scale energy-efficiency improvements. Therefore, one of the main goals of this DOE-funded program is to help the most promising enterprises obtain financing for energy efficiency projects from a variety of financial institutions, or through new, creative financing mechanisms. The program has involved several site visits to different industrial plants in Ukraine to gather preliminary data on the facilities. Most of these plants are in the process of being privatized or have been recently privatized and are financially sound. Among the plants visited have been a glass manufacturing plant, a coke-chemical plant, a tire factory, a food processing plant, a pap...
Keyphrases
industrial energy efficiency opportunity ukrainian government industrial enterprise new product sale energy consumption industrial sector energy efficiency product natural gas import energy assistance program pacific northwest national laboratory main goal doe-funded program tire factory high energy cost preliminary data energy efficiency project large-scale energy-efficiency improvement chornobyl nuclear reactor u.s. department energy price former communist system creative financing mechanism promising enterprise coke-chemical plant glass manufacturing plant different industrial plant financial institution several site visit food processing plant industrial energy efficiency project ukraine use energy world level trade imbalance
