KIEV, Oct. 16 ??“ The European Bank for Reconstruction and Development is ready to lend EUR400 million in 2007 for the implementation of energy saving projects in Ukraine, Deputy Energy and Fuel Minister Oleksiy Sheberstov said during a roundtable meeting on energy saving in Kiev.

As Claude Mandil, the executive director of the International Energy Agency (France) said, energy efficiency is not only an opportunity to improve Ukraine's energy security, but also a vitally important component for the development of the country's economy, in particular, amid energy price hikes.