Energy Saving is a targeted legal, organizational, scientific, industrial, technological and economic activity, aimed to reduce specific expenses of energetic resources, realized by the use of interrelated methods of energy efficiency, including renewable energy resources into the economy.
The Government of the Republic of Armenia has undertaken to carry out the World Bank supported EE street lighting project in public facilities / schools and other educational institutions, kindergartens, hospitals, administrative buildings, cultural and residential building outdoor lighting and others / since 2012.
Armenia Renewable Resources and Energy Efficiency Fund started Energy Efficiency Project since August 10, 2012, the objective of which is reducing energy consumption in public and municipal buildings and in street lighting systems. The Fund has collected wide information about the buildings technical parameters, energy consumption and installation, financing of which is based on the demand, however, it is subject to some main selection criteria of technical and financial eligibility. For the implementation of construction activities a construction company for each facility is selected in competitive bidding, which is responsible for the implemented activities.