Armenia Renewable Resources and Energy Efficiency Fund, in cooperation with ACBA-Credit Agricole Bank, implements Community-Based Energy Efficiency Project aimed at increasing energy efficiency level in communities of Armenia and financing investments in the scope of clean energy development.
The first community-based energy efficiency project is carried out in the village of Kasakh, in Kotayk region. In the project framework the following energy saving measures are implemented: installation of solar photovoltaic systems, installation of solar water heaters on the roofs of about 70 households, as well as replacement of inefficient street lighting devices with LED lamps.
The Community-based Energy Efficiency Project aims to reduce inefficient energy consumption and improve the use of clean, efficient, safe and affordable energy technologies. The ESMs will contribute to the reduction of the level of energy used for electricity and heat water supply consumed monthly and expenses made against them by the households and subsequent improvements.
As a result of the above mentioned activities, reduction of CO2 emission will be 94 tons per year.