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Belarus approves measures to reduce GDP energy intensity in 2014

MINSK (BelTA) – The Belarusian government has approved measures to reduce the GDP energy intensity in 2014, reads Resolution No.103 of the Council of Ministers of 6 February 2014 posted on the National Legal Internet Portal on 11 February, BelTA has learnt.

According to the resolution, legal entities and economic agents with state-owned shares exceeding 50%, involved in the processing industry and consuming over 1,000 tonnes of equivalent fuel per year, are expected to reduce the consumption of electricity and gas by 3% in 2014 as against 2013.

Regional authorities and the Minsk City Hall in consultation with the Energy Efficiency Department of the State Committee for Standardization shall set the targets regarding the use of local fuels to the municipal housing and utility organizations.

The Council of Ministers also recommends the Economy Ministry of Belarus to double the prices for electricity and natural gas for those legal entities that fail to fulfill the targets starting from February 2014.

The resolution also outlines the conditions under which legal entities may apply for non-use of the multiplying coefficients.

Resolution No.103 of the Council of Ministers comes into force the day it is published.

The attachment to the document reads that the resolution does not apply to OAO Kovry Bresta till 31 June 2014, OAO Gomelsteklo, OAO Baranovichi Cotton Production Amalgamation, and OAO Belarusian Steel Works.