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  • Discussion On Subject "The Possibilities And Mechanisms Of Financing

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

    Noyan Tapan
    http://www.nt.am?shownews=1010551
    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.
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