Brief Description of Energy Efficiency Project Carried out by Armenia Renewable Resources and Energy Efficiency Fund
Since 2012 the Government of the Republic of Armenia with the assistance /support/of the World Bank has set about implementing the energy efficiency project of facilities of public importance (schools, other educational institutions, administrative buildings, cultural houses, exterior /street/ lighting of settltments and etc).
The aim of the Project is to reduce the energy expenses of exterior lighting of settltments and buildings of the public facilities.
The heat insulation of the building outwalls with thermal insulation materials, replacement of external doors and windows by more modern ones, their repairing, heat insulation of roofs and basements, construction of gas consuming new boiler houses and heating systems, modernization of the old ones, their adjustment, modernization of the existing exterior lighting network of the settlements, replacement of old lights by more economical ones and etc are included in energy efficiency activities.
The Armenia Renewable Resources and Energy Efficiency Fund will conclude Energy services rendering /providing/ agreements with beneficiaries and will grant credits (in the form of financing of energy efficiency activities) from the state budget with independent income sources (e.g. communal administrative buildings and street-lighting, universities, hospitals, schools and etc) and in view of involving in the project – the communities and public entities having approved financial discipline and having sufficient admnistrative and institutional abilities. These credits will be provided by Agreements of rendering wider energy services, under which the Armenia Renewable Resources and Energy Efficiency Fund will provide additional services. The credits will be considered as debts with fixed repayment liabilities, for which budget allocations will be made in the future. The beneficiaries will be responsible for due maintenance of the systems, credit repayment and payment of service fees to Armenia Renewable Resources and Energy Efficiency Fund under Energy services providing Agreements. The repayment amounts will be such that will allow the beneficiaries to pay for investment costs and services from accumulated energy savings. No financial management or separate purchase assessments will be needed for participants of the Project since the Armenia Renewable Resources and Energy Efficiency Fund will grant the credits directly to the contractors and will be ready for all purchases.
All interested organizations that wish to be included in the program may submit an application, fill out a application form (arm version). Filled out the application and send by the following address.
Yerevan, Proshyan 1st Lane, House 32
Tel: (374-10) 588011, 545121
Fax: (374-10) 541732
E-mail: info@r2e2.am
URL: www.r2e2.am
