ArmInfo. Commercial banks of Armenia have already accumulated $ 180 million to implement projects in the field of renewable energy, but they are not fully used. On November 8, the national expert of the EU4Energy project of the Energy Charter Astghine Pasoyan told the ArmInfo news agency on the margins of the forum that opened in Yerevan on the potential of Armenia in the energy sector. The forum is organized by the Ministry of Energy Infrastructures and Natural Resources of the Republic of Armenia, the delegation of the European Union in Armenia and the Energy Charter.
According to Astghine Pasoyan, often banks themselves can not decide on the direction of lending - whether to provide financial resources to communities or condominiums. There is also the problem of financial accessibility of financial resources, especially in the area of refinancing of loan funds, as well as loans that are currently unavailable for residents of apartment buildings due to high interest rates. These and other problems do not yet allow us to speak about the mass nature of the process. The purpose of the forum, continued Astghina Pasoyan, is to identify these problems, develop recommendations that will be submitted to the government of Armenia, international financial institutions and donor countries. According to her, currently there is a state energy conservation program, in which the issue of insulation of apartment buildings occupies one priority place. In general, the potential for energy saving, which is huge, ranges from 30 to 50 percent. But for this it is necessary to solve existing problems, including legislative ones. "It is important that the laws work in the field," the national expert noted, pointing out also the need to use institutional capacities and train specialists.
It should be noted that the Climate Investment Fund for the development of alternative energy provided Armenia $ 28 million, of which $ 2 million is a grant and $ 26 million is a loan. The loan terms are soft - 0.25% per annum with a maturity of 40 years and a grace period for payments in the first 20 years. Grant funds are directed to the study of localities and buildings, the development of a feasibility study for the project, designed for an alternative and renewable energy station with a total capacity of 100-120 MW.
According to the October issue of the "Rates and Rates of Banks of Armenia" bulletin, prepared by IA ArmInfo, 10 banks provide energy-efficient mortgage loans from 17 banks operating in the Armenian market. The annual interest rate on such loans fluctuates between 11-13%, and the maturity is 10-20 years. These are Ardshinbank, Converse Bank, Araratbank, Armbusinessbank, ACBA-Credit Agricole Bank, INECOBANK, Armeconombank, Armswissbank, Anelik Bank and Unibank.