EBRD E5P Eastern European Energy Efficiency and Environment Partnership The E5P was established to facilitate municipal infrastructure investments boosting energy efficiency and environmental protection in the Eastern Partnership countries, in particular aiming at reducing greenhouse gas emissions.  The Fund has been operating in Ukraine since 2010 and has by now expanded to all the EU Eastern Partnership countries of Armenia, Azerbaijan, Belarus, Georgia and Moldova. The Fund co-finances district heating and public buildings projects together with local transport, solid waste and street lighting investments. The E5P resources are close to EUR 235 million. The EBRD acts as the fund manager on behalf of contributors and other IFIs.