Abstract

The purpose of this paper is to assess the effectiveness of investment projects in terms of ensuring energy security and sustainable economic development of construction enterprises and public utilities sector. The study revealed that existing methods for assessing the efficiency of energy-saving projects in public utilities sector are often local in nature and do not contribute to energy security. A methodology is needed for the economic feasibility of energy demand at affordable prices in the domestic and foreign markets. As a result, the authors proposed a method for solving the problem of rational use of fuel and energy resources in a system of three sectors: capital construction, public utilities sector, and the fuel and energy industry as interrelated sectors of the economy and the economic turnover of fuel and energy resources.

Highlights

  • Ensuring energy security of the country's economy is defined as the main goal of implementing the “Energy Strategy of Russia for the period until 2035”

  • The authors propose the economic justification for choosing the power of heat generation sources as a strategic direction to improve energy efficiency in housing and utility services [2]

  • Types of investment facilities in the economic turnover of fuel and energy resources (FER) projects are located on a separate hierarchical level in the structure of capital construction and represent a system whose elements are:

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Summary

Introduction

Ensuring energy security of the country's economy is defined as the main goal of implementing the “Energy Strategy of Russia for the period until 2035”. The development of energy efficient technologies in the use of energy resources by housing and utility services was defined in as first-priority technologies designed to ensure the independence and sustainability of the development of heat power industry as the basis for economic growth [1]. To ensure the country's energy security, a methodology for predicting energy consumption in the domestic and foreign markets is proposed, taking into account demand, supply and environmental conditions. The authors propose the economic justification for choosing the power of heat generation sources as a strategic direction to improve energy efficiency in housing and utility services [2]

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