Monday, March 6 2017 16:54
Alexandr Avanesov

GDP Energy intensity reduction in EEC by 20% will allow state-members to have economic effect by about $25 billion

GDP Energy intensity reduction in EEC by 20% will allow state-members to have economic effect by about $25 billion

ArmInfo. The state of the fuel-energy complex of the EEU state members in the field of energy security, energy, energy conservation, energy efficiency and ecology was discussed during a Practical Scientific conference which was organized by the Minister of energy and infrastructure of the Eurasian Economic Committee Adamkul Zhunusov. 

"Rational implementation of the new energy conserving and ecological technologies will allow to reduce the production spending, decrease the cost price of the products and services, to approve the environment.  Due to the coordinated efforts of the five states in this field, the effectiveness may be sufficiently increased", thinks Adamkul Zhunusov. For example, Russia has one of the world's largest technical potential to improve energy efficiency - over 40% from the level of consuming of the energy in the state.  GDP Energy intensity reduction in whole Union by 20% will allow state-members to have economic effect by about $25 billion.  Participants recognized expedient to expand the activities of the Eurasian Economic Commission in the field of energy, energy conservation, energy efficiency and ecology. To this end, the Commission will prepare appropriate amendments to the Treaty on the EEC in the energy sector.  They are planned to be submitted to the President of the Union countries.

It was also decided to intensify the joint work of the Commission, the scientific community and public authorities of EEC countries on identifying of the common approaches to risk assessment of energy security and the monitoring of its indicators, improving the reliability of power equipment, training, and introduction of modern technologies in production thermal and electrical energy. In particular, it is expected to hold similar conferences at least once a year. The taken on their basis solutions will be made available to members of the industry group to review the proposals to amend the Treaty of Union.

At the last conference, the Eurasian Economic Commission has gathered more than 50 representatives of government agencies of all countries of the Union, the CIS Electric Power Council of the National Union of energy conservation, business and the scientific community.

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Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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