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WORLD BANK SUPPORTS ENERGY EFFICIENCY INVESTMENTS IN PUBLIC FACILITIES OF ARMENIA
armradio.am
28.03.2012 13:20
The World Bank's Board of Executive Directors approved a US$1.82
million grant from the Global Environment Facility (GEF) Trust Fund
for the Energy Efficiency Project for Armenia. The project will help
to reduce energy consumption of social and other public facilities.
This project will support energy efficiency investments in schools,
kindergartens, hospitals, administrative buildings, and street lighting
and will reduce energy consumption of retrofitted public and social
facilities as well as CO2 emissions.
"We are pleased that children and hospital patients, students,
employees and users of administrative buildings will be the main
beneficiaries of the proposed energy efficiency investments," said
Jean-Michel Happi, World Bank Country Manager for Armenia. "Armenia
will start reaping the benefits of energy efficiency through reduced
energy costs, improved comfort levels, and upgraded facilities."
"By supporting energy efficiency investments in around 120 schools,
hospitals and other public facilitates, the project will seek to
develop, test and disseminate replicable and sustainable models for
energy efficiency service provision. Energy efficiency investments in
social and other public facilities can also help stimulate the market
by creating demand for energy efficient equipment and services,"
said Ani Balabanyan, Head of the World Bank team designing the project.
The project will finance insulation of walls, basements and attics,
repair/replacement of external doors and windows, window optimization
reflective surfacing of walls behind radiators, improvement/replacement
of boilers and heating systems, as well as replacement of mercury
vapor lamps with high-pressure sodium vapor lamps.
The project will be supported by US$8.3 million from the Government
funding, US$1.82 million from the GEF grant, and US$0.54 million
co-financing from the Renewable Resources and Energy Efficiency Fund
(R2E2 Fund). The Government funding will include repayments of the
revolving funds under the recently completed World Bank supported
Urban Heating and Renewable Energy projects.
armradio.am
28.03.2012 13:20
The World Bank's Board of Executive Directors approved a US$1.82
million grant from the Global Environment Facility (GEF) Trust Fund
for the Energy Efficiency Project for Armenia. The project will help
to reduce energy consumption of social and other public facilities.
This project will support energy efficiency investments in schools,
kindergartens, hospitals, administrative buildings, and street lighting
and will reduce energy consumption of retrofitted public and social
facilities as well as CO2 emissions.
"We are pleased that children and hospital patients, students,
employees and users of administrative buildings will be the main
beneficiaries of the proposed energy efficiency investments," said
Jean-Michel Happi, World Bank Country Manager for Armenia. "Armenia
will start reaping the benefits of energy efficiency through reduced
energy costs, improved comfort levels, and upgraded facilities."
"By supporting energy efficiency investments in around 120 schools,
hospitals and other public facilitates, the project will seek to
develop, test and disseminate replicable and sustainable models for
energy efficiency service provision. Energy efficiency investments in
social and other public facilities can also help stimulate the market
by creating demand for energy efficient equipment and services,"
said Ani Balabanyan, Head of the World Bank team designing the project.
The project will finance insulation of walls, basements and attics,
repair/replacement of external doors and windows, window optimization
reflective surfacing of walls behind radiators, improvement/replacement
of boilers and heating systems, as well as replacement of mercury
vapor lamps with high-pressure sodium vapor lamps.
The project will be supported by US$8.3 million from the Government
funding, US$1.82 million from the GEF grant, and US$0.54 million
co-financing from the Renewable Resources and Energy Efficiency Fund
(R2E2 Fund). The Government funding will include repayments of the
revolving funds under the recently completed World Bank supported
Urban Heating and Renewable Energy projects.