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ARMENIA JOINS E5P FUND WITH ONE MILLION EURO ENTRANCE FEE
YEREVAN, March 17. / ARKA /. Armenia's ministry of energy and
natural resources has signed an agreement with the European Bank for
Reconstruction and Development (EBRD) to join the Eastern Europe Energy
Efficiency and Environmental Partnership Fund ("E5P"). Armenia will
pay one million euro as entrance fee, EBRD said in a press release.
According to it, the agreement will enable Armenia to get a 20 million
euro grant to finance implementation of energy-efficiency projects
in Armenian communities.
The agreement was signed on March 16 by Armenian energy and natural
resources minister Yervand Zakaryan, head of EBRD's environmental
sustainability department Alistair Clark and E5P fund manager Anders
Lund.
The Eastern Europe Energy Efficiency and Environmental Partnership
("E5P") unites the Eastern Partnership countries, European Commission
and other bilateral donors, and the main IFIs active in the region
to coordinate and accelerate the implementation of important energy
efficiency and environmental projects. The European Union, which is
the largest investor in Armenia in E5P, provided 10 million euros.
The Czech Republic, Denmark, Germany, Lithuania, Poland, Sweden,
Latvia and Norway have already made or earmarked funds to assist in
improving energy efficiency in Armenia. This is expected to contribute
to enhancing energy security and economic competitiveness, as well
as have a positive impact on the environment.
The head of EU Delegation to Armenia Traian Hristea said the core of
EU development programs in Armenia are energy efficiency and renewable
energy. According to Anders Lund, the agreement on Armenia joining
E5P is an important achievement.
"We are looking forward to carrying out new projects in Armenia
with the support of grants from E5P. Potential investment projects
may include renewable energy, street lighting, water purification,
waste treatment and public transport management,' he said.
Armenia, Georgia and Moldova joined the E5P in October 2013.
E5P donors are the EU countries, Iceland, Norway, Ukraine, the United
States, as well as Armenia, Georgia and Moldova.-0-
http://arka.am/en/news/economy/armenia_joins_e5p_fund_with_one_million_euro_entra nce_fee/#sthash.1j0vWFsn.dpuf
YEREVAN, March 17. / ARKA /. Armenia's ministry of energy and
natural resources has signed an agreement with the European Bank for
Reconstruction and Development (EBRD) to join the Eastern Europe Energy
Efficiency and Environmental Partnership Fund ("E5P"). Armenia will
pay one million euro as entrance fee, EBRD said in a press release.
According to it, the agreement will enable Armenia to get a 20 million
euro grant to finance implementation of energy-efficiency projects
in Armenian communities.
The agreement was signed on March 16 by Armenian energy and natural
resources minister Yervand Zakaryan, head of EBRD's environmental
sustainability department Alistair Clark and E5P fund manager Anders
Lund.
The Eastern Europe Energy Efficiency and Environmental Partnership
("E5P") unites the Eastern Partnership countries, European Commission
and other bilateral donors, and the main IFIs active in the region
to coordinate and accelerate the implementation of important energy
efficiency and environmental projects. The European Union, which is
the largest investor in Armenia in E5P, provided 10 million euros.
The Czech Republic, Denmark, Germany, Lithuania, Poland, Sweden,
Latvia and Norway have already made or earmarked funds to assist in
improving energy efficiency in Armenia. This is expected to contribute
to enhancing energy security and economic competitiveness, as well
as have a positive impact on the environment.
The head of EU Delegation to Armenia Traian Hristea said the core of
EU development programs in Armenia are energy efficiency and renewable
energy. According to Anders Lund, the agreement on Armenia joining
E5P is an important achievement.
"We are looking forward to carrying out new projects in Armenia
with the support of grants from E5P. Potential investment projects
may include renewable energy, street lighting, water purification,
waste treatment and public transport management,' he said.
Armenia, Georgia and Moldova joined the E5P in October 2013.
E5P donors are the EU countries, Iceland, Norway, Ukraine, the United
States, as well as Armenia, Georgia and Moldova.-0-
http://arka.am/en/news/economy/armenia_joins_e5p_fund_with_one_million_euro_entra nce_fee/#sthash.1j0vWFsn.dpuf