DISCUSSION ON SUBJECT "THE POSSIBILITIES AND MECHANISMS OF FINANCING ENERGY EFFICIENCY PROGRAMS" HELD IN YEREVAN

Noyan Tapan

Dec 12, 2008

YEREVAN, DECEMBER 12, NOYAN TAPAN. A discussion on the subject
"The Possibilities and Mechanisms of Financing Energy Efficiency
Programs" with the participation of representatives of banks, credit
organizations, and small and medium enterprises was held in Yerevan on
December 12 within the framework of the USAID-funded Commercialization
of Energy Efficiency Program.

The program director Hovhannes Kantuni said that the purpose of the
discussion is to offer such instruments and mechanisms of financing
energy efficiency programs under conditions of the global financial
crisis that will be attractive both for banks and small and medium
enterprises.

According to H. Kantuni, their program was launched in May 2007 and
is aimed at encouraging the use of energy efficient technologies in
industrial, housing, commercial, private and state sectors, as well as
at implementing, with partial finding of the USAID, a limited number
of energy efficiency programs, in particular, programs on restoration
of heating systems, at various institutions of social importance.