ArmInfo. On November 23, the Government of Armenia approved the proposal to sign the EUR 25mln financial agreement Yerevan Energy Efficiency Phase II between the European Investment Bank and Armenia.
As stated in the explanation to the document, an investment grant in the amount of 10.1 million euros from the EU Neighborhood Investment Platform will be attracted to co-finance the project. The project is a continuation of an ongoing project financed by the EIB.
The goal of the project is to reduce the energy consumption of public buildings in the Yerevan community and support energy efficiency and renewable energy measures, which will include the necessary work to improve the general technical condition of outpatient clinics and kindergartens.
In particular, as a result of the Project implementation, it will be possible to reduce the energy consumption of 38 public buildings (6 clinics and 32 kindergartens). Predicted results of the project: reducing energy costs, increasing seismic safety, improving the comfort and quality of life of visitors, reducing carbon dioxide (CO2) emissions, extending the life of renovated buildings.
