EBRD provides US$ 2 million for energy efficiency in Kyrgyz Republic via KICB

The EBRD has provided new lending to Kyrgyz Investment and Credit Bank (KICB), one of its partner banks in the Kyrgyz Republic, to increase financing for energy efficiency projects.

KICB will receive a loan of US$ 2 million. The funds will be used for on-lending to businesses and households wishing to make energy efficiency improvements, for example buy more efficient equipment or install insulation. This will be the third such cooperation between the EBRD and KICB.

The framework under which the loan is being made, Kyrgyz Sustainable Energy Financing Facility, is one of the EBRD’s range of instruments to finance energy efficiency and small-scale renewable energy projects in the region. KyrSEFF offers credit lines and technical assistance to local banks, to enable them to finance small-scale sustainable energy projects. KyrSEFF is supported by the European Union’s Investment Facility for Central Asia (IFCA).

KyrSEFF is a US$ 20 million facility which is part of the EBRD’s wider Sustainable Energy Financing Facility. KyrSEFF financing includes grants covering from 10 to 35 per cent of the project cost provided by the European Union’s Investment Facility for Central Asia (IFCA).

KICB was one of the banks honoured at the first KyrSEFF awards in the country help by the EBRD in partnership with the EU in November 2014.

To date, the EBRD has invested over €510 million in 117 projects in the Kyrgyz Republic.

Svitlana  Pyrkalo
source : www.ebrd.com

Over 21 000 contracts was analyzed under the Green House Program in Romania

Ministry of Environment and Climate Change, the Environment Fund Administration, analyzed so far, 21,293 cases under the "Casa Verde 2011", out of 23,938 cases filed. Regarding the last 2597 project files submitted blocked in 2011, they will be analyzed by the end of the year. A total of 48 cases were canceled / withdrawn.

"There have already been signed 5094 contracts, of which 1,995 were sent to the AFM application for withdrawal. In addition, we are talking about 191 contracts for individuals who were settled in the amount of 1,145,342 lei and 2 contracts for businesses, worth 995,383 lei, "said former minister Minister Korodi.

Of the 21,293 cases analyzed, 16,937 were accepted and 4,556 rejected.

"As previously announced, this year complete all files from this program and create all the conditions to be able to start as early as the beginning of next year, a new session of projects. "Green House" should be reconsidered because the technologies developed and available solutions on the market, but still think this program is an optimal solution for the environment, reducing CO2 emissions and climate change, as well as energy efficiency, "added Korodi.

Frimu Ghinea

EBRD invests in expansion of Green for Growth Fund

The European Bank for Reconstruction and Development (EBRD) is boosting the activities of the Green for Growth Fund (GGF) with an investment of €25 million, which will promote investments in renewable energy and energy efficiency projects in south-eastern Europe and the European Neighbourhood region (Armenia, Azerbaijan, Georgia, Moldova and Ukraine).

The fund was established in 2009, with the EBRD investing alongside founding investors – the European Investment Bank (EIB) and Kreditanstalt für Wiederaufbau (KfW). GGF provides funds to local financial institutions for on-lending to private households, small and medium-sized enterprises as well as direct financing to large companies and municipalities for investments in energy efficiency and renewable energy.

The additional means provided by the EBRD will support GGF to expand its activities following the extension of its mandate to the European Neighbourhood Region in 2012. Demand for sustainable energy financing also remains high in south-eastern Europe where the impact of the financial crisis still affects bank lending. At the same time energy intensity remains above best practice, which leads to significant costs for businesses, private customers and – last, but not least – the environment.

Henry Russell, Director in the EBRD’s Financial Institutions team, said: “This investment demonstrates the EBRD’s commitment to renewable energy and energy efficiency even under challenging circumstances. Over the years the Bank has acquired strong expertise in these areas and we are pleased to support GGF both directly through this equity investment and indirectly by working together to identify high-quality projects to finance in the market. Supporting investments that create a less wasteful and more environmentally friendly use of resources is beneficial not only for the environment, but also for the economy of the countries where the EBRD invests.”

Christopher Knowles, Chairman of the GGF Board of Directors, stated: “GGF welcomes this follow-on investment by the EBRD, which further solidifies the excellent working relationship between the Fund and one of its founding investors. Over the last five years, GGF has proven itself to be a leader, alongside institutions like the EBRD, in mainstreaming energy efficiency and renewable energy finance in south-eastern Europe and the European Neighbourhood Region. Working together, the GGF and its stakeholders are demonstrating that reducing energy consumption and CO2 emissions is not only good for the environment, but also good for households, businesses and municipalities alike. As the Fund celebrates its fifth anniversary of operations, this vote of confidence from the EBRD could not be more timely.”

Promoting and financing the sustainable use of resources is one of the EBRD’s key priorities. From the launch of the Sustainable Energy Initiative in 2006 to 2013 the Bank invested €13 billion in 756 sustainable energy projects in 35 countries. These projects are expected to lead to annual CO2 emissions reductions of over 62 million tonnes. In 2014 about one-third of all EBRD investments will be related to sustainable and renewable energy.

By Axel  Reiserer
source www.ebrd.com


Renexpo South-East Europe is becoming to be a landmark

It starts to become a tradition renewable energy specialists meeting in Bucharest at Renexpo fair and conferences. This year Palace Hall  location seemingly to be too small for the event for three days hosted .

Now in VII-th edition Fair Renexpo South-East Europe gathered between 19 and 21 November 100 companies from 12 European countries. On an area of 3,000 square meters could be seen the latest technologies.

At the opening event was attended : Felicia RĂCĂŞANU - Deputy General Manager, Department of Energy Government of Romania, Nicoleta ROŞU - Head of Climate Change in the Miniterului Environment and Climate Change of Romania and Johann - Georg RÖHM CEO REECO ,  Germany event organizer.

The number of visitors that organizers have released this at  edition was 2100, the most was the specialists.

Coinciding with the exhibition rooms upstairs were the events

Solar Energy
6th International Conference - Solar Energy in Romania

7th International Conference - Small Hydropower in Romania

International Conference - Energy Efficiency Cogeneration through

Energy Efficiency
International Workshop - Energy Efficiency in Buildings

International Forum - Biogas in Romania

These events was in total 450 people.

Of the great interest was a presentation make by Mr. Zoltan NAGHY-BEGE member of the Regulatory Committee of the ANRE which provided additional information about the Romanian Government intends to introduce in the future takeover of electricity make by small and domestic producers  by the electricity distributors. Mr. Naghy also referred to the need for decrease connection costs for small power producers.

Another interest presentation was about Casa Solaris ( Solaris Home ), a housing concept based on seasonal storage solar talked by Mr. Neculai NEGRUŢ and Mrs. Lavinia STANCIU from Geoterm PDC  company.

On the second day was awarded two Energy Award prizes. The Remarkable Figure Prize was awarded to Mr. Vlad STANCIU - Executive Director ROSENC and Innovative Technology Prize was awarded to LISSCOM SRL Brasov, Romania.

As an event this year conclusie we consider the statement of Mrs. Gabriela BUJENIŢĂ - Project Manager that says "Renexpo reached the seventh edition, this year brought together at the Palace Hall the most important actors in the field of renewable energy and efficiency energy. If the focus were within the 100 exhibitors, events discussed issues related legislative, environmental policy, financing, market trends. once again, the event proved to be the ideal business platform, with connotations both national and international ".

Mihai Vintila



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