A project costing 1.250 million euros will be implemented in the capital of Armenia to reduce greenhouse gas emissions

ArmInfo. In the capital of Armenia, a program will be implemented to reduce greenhouse gas emissions and increase energy efficiency. The program, worth 1.250 million euros, was approved on the eve of the meeting of the Council of Elders of Yerevan.

According to the vice-mayor of the capital Vaye Nikoyan, the program is envisaged for a grant of the European Union of 1 million euros co-financing from the Yerevan municipality in 250 thousand euros. It is planned, in particular, in 90 multi-apartment buildings to implement measures to increase energy efficiency by installing solar panels on the roofs of these buildings. The program will be implemented in 2018-2019, during which in these buildings will be carried out work on repair and replacement of elevators, providing electricity to public areas and yards, installation of LED lamps in buildings. By implementing these measures, conditions will be created to prevent the annual emissions of 844 tons of CO2 into the atmosphere.

Earlier ArmInfo reported that the financial mechanism of $ 125 million is part of the Caucasus Energy Efficiency Program (CEEP), launched in 2007, in order to provide financial assistance to the private sector and homeowners in reducing energy intensity and promoting wider use of renewable energy sources. The program, funded by the EBRD, is supported by a grant from the European Neighborhood Investment Fund and is implemented with the technical assistance of the Federal Ministry of Finance of Austria. Over the past 3 years, this financial instrument has provided about 15 million euros to more than 9,000 households and 17 organizations in Armenia. This allowed saving about 128 GW of energy, which is commensurate with consumption of annual energy of 10 thousand households and reducing CO2 emissions into the atmosphere by 23 thousand tons.