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EBRD AND HSBC TO SUPPORT ENERGY EFFICIENCY IN ARMENIA
July 16, 2014 | 01:47
HSBC clients in Armenia can now benefit from funding for green energy
projects.
On July 4, an agreement was signed between the European Bank for
Reconstruction and Development (EBRD) and HSBC Bank Armenia CJSC for
a US$ 10 million loan to be directed to the industrial and residential
renewable energy sectors. The funds will allow HSBC Armenia to support
its borrowing clients in their energy efficiency and renewable energy
investments, informed the EBRD official website.
These funds will be lent to companies willing to make capital
investments in their equipment, machinery and other fixed assets
aimed at achieving overall energy efficiency and reductions of over
20 percent in their energy consumption. The maximum tenor of the
loans is five years.
This initiative aims to help Armenia reduce the energy intensity
of its economy and promote energy efficiency investments in various
sectors, such as power and energy, industry, agriculture, municipal
and environmental infrastructure, property and the residential sector.
News from Armenia - NEWS.am
July 16, 2014 | 01:47
HSBC clients in Armenia can now benefit from funding for green energy
projects.
On July 4, an agreement was signed between the European Bank for
Reconstruction and Development (EBRD) and HSBC Bank Armenia CJSC for
a US$ 10 million loan to be directed to the industrial and residential
renewable energy sectors. The funds will allow HSBC Armenia to support
its borrowing clients in their energy efficiency and renewable energy
investments, informed the EBRD official website.
These funds will be lent to companies willing to make capital
investments in their equipment, machinery and other fixed assets
aimed at achieving overall energy efficiency and reductions of over
20 percent in their energy consumption. The maximum tenor of the
loans is five years.
This initiative aims to help Armenia reduce the energy intensity
of its economy and promote energy efficiency investments in various
sectors, such as power and energy, industry, agriculture, municipal
and environmental infrastructure, property and the residential sector.
News from Armenia - NEWS.am