Министерство энергетики Республики Беларусь

# Ministry of Energy of the Republic of Belarus and the European Investment Bank signed a grant agreement on technical assistance for the implementation of the Energy Saving and Energy Efficiency Project

On July 27, 2022, in Brussels, a grant agreement between the Ministry of Energy of the Republic of Belarus and the European Investment Bank was signed on technical assistance for the implementation of the Energy Saving and Energy Efficiency Project.

The agreement was signed by the Minister of Energy Viktor Karankevich and the Vice-President of the European Investment Bank Ambroise Fayolle. The document was prepared within the framework of the EU4Energy program.

The purpose of technical assistance is to provide advice and support to the Ministry of Energy, the National Energy Conservation Agency, and other relevant institutions and organizations in the Republic of Belarus in the development and implementation of energy efficiency policies and measures.

The grant agreement covers the following areas:

- development of a comprehensive energy efficiency policy and its implementation;
- development of a national energy efficiency action plan;
- development of a methodology for calculating energy savings and their monetization;
- development of a mechanism for financing energy efficiency projects;
- development of a system for monitoring, reporting, and verification of energy savings;
- organization of training and awareness-raising activities for relevant stakeholders.

The total amount of the grant is EUR 1.2 million. The implementation period is 36 months.

The European Investment Bank is the largest multilateral lending institution in Europe. It is one of the six institutions of the European Union and has the status of an autonomous international organization. The Bank is owned by its member states, and its main objective is