ArmInfo. As a result of cooperation between ACBA Bank, ACBA Leasing and the GEFF (Green Economy Financing) program of the European Bank for Reconstruction and Development (EBRD), USD 5 million will be directed to the development of a green economy in Armenia through financing business projects in the field of energy conservation, climate adaptation and renewable energy.
According to the press service of ACBA Bank, the attracted funds will be provided both in drams and dollars. Thanks to the program, business entities will have the opportunity to improve the efficiency of their business using solar photovoltaic stations, energy-efficient transport and construction equipment, motors and pumps, production technologies and over 1,500 other highly efficient technologies. "Green investments in Armenia have a high development potential. Thanks to this cooperation, we will have an opportunity to promote the development of these fields by broader means, "said Aghasi Gasparyan, General Director of ACBA Leasing. In turn,
Andro Butkhuzi, Deputy Project Manager at GEFF in Armenia, noted: "GEFF attaches importance to financing technologies and projects that are highly efficient. And since such investments are highly targeted and require an integrated approach, together with our partner financial institutions, we spare no effort to inform and prepare our clients. An example was the recent joint event with ACBA Bank and ACBA Leasing, organized specifically for the construction sector business>.
Leasing conditions within the framework of cooperation are presented at the following link: http://www.acbaleasing.am/news/geff.html.
The GEFF green technologies catalog can be found at the link: https://techselector.com/armenia-am/. According to the source, since 2019, ACBA Leasing has joined the first phase of the GEFF program and financed clean energy production amounting to 3.6 GWh / yr, contributing to the avoidance of 1,864 tonnes of greenhouse gas emissions per year.
