About R2E2

Armenia Renewable Resources and Energy Efficiency Fund has been established in 2005 by RA Government Decision N 799-N from 28^th of April, on terminating the activity of ““Heat Management and Support to the Management of Apartment Buildings” PIU” state institution and on “Creating Armenia Renewable Resources and Energy Efficiency Fund”. The legal registration of the Fund in the state registry has been made on the 21^st of October, 2005.

Armenia’s Renewable Resources and Energy Efficiency Fund (ARREEF) is a non-trade, non-for profit organization, that has no membership and is based on voluntary property fees by the founder.

The Founder of the Fund is the Republic of Armenia. The authorized state body is the Prime Minister. The relationships between the founder and the Fund are regulated by Legislation of Republic of Armenia and by the Charter of the Fund.

The establishment of the Fund has the following aim:

Promote investments in energy efficiency and renewable energy sectors,
Foster market development in the sphere of Armenia’s energy efficiency and renewable resources,
Foster reduction of technological influence on environment and human health,
Develop mechanisms aimed at increasing the level of reliability of energy security and energy system,
In case of being provided with an appropriate authority by RA Government, based on a partnership agreement with the state, organize the implementation of loan and grant projects, promoting the development of the state on behalf of the state.