Today, stakeholders across the Eastern Partner countries - Armenia, Belarus, Georgia, Moldova and Ukraine – met in Kyiv to discuss the preliminary results of assessment of energy infrastructure priority investment opportunities in the Eastern Partnership countries.
Under the applied cost benefit analysis (CBA) methodology, especially developed under EU4Energy technical assistance, the projects were assessed based on their contribution to market integration and price convergence; security of gas supply; contribution to enhanced competition; and sustainability including CO2 savings. The results of the assessment will help project promoters and governments to allocate resources to those cross-border projects that are assessed to be the most beneficial in socio-economic terms.
The assessment was limited to those projects submitted by project promoters. Five projects were assessed in the electricity sector (three transmission lines under the Black Sea linking Georgia with EU Member States and two sections of a transmission line connecting Belarus and Ukraine and two in gas sector (White Stream gas pipeline and bi-directional operation of two interconnection points on the Ukrainian-Belarus border).
Based on the assessment results, an indicative list of energy infrastructure priority investments (PEPIs) will be confirmed. The Energy Community Secretariat will assist presenting these projects to International Financial Institutions (IFIs).
* 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.
10 April, Kyiv