ACBA Leasing encourages private sector to invest in energy-saving projects

14.12.2018 14:00
ACBA Leasing encourages private sector to invest in energy-saving projects

YEREVAN, December 14 /ARKA/. ACBA Leasing JSC initiated the first meeting of the beneficiaries of the three-year E-FIX grant program, which is part of Horizon 2020, the biggest EU Research and Innovation program ever with nearly €80 billion of funding, designed to encourage the private sector to invest in energy-efficient projects.

According to AN ACBA Leasing press release, as part of the Horizon 2020 E-FIX grants, ACBA Leasing with other members of the consortium will develop new mechanisms for financing lease of energy-saving and energy-efficient equipment and its use in investment projects.

"Today we discussed what new mechanisms for leasing energy-efficient equipment should be, what ways should be chosen to raise public awareness about energy-efficient equipment, and also exchanged views on the problems in this field and tried to find solutions to them," said ACBA Leasing CEO Arsen Bazikyan.

According to him, the company's activity and opportunities provided by the Horizon 2020 program will further increase the importance of awareness of energy-saving projects and help increase the share of energy-efficient projects in Armenia.

"All our activity is aimed at creating renewable energy and green technologies and increasing private investment in these areas," said Bazikyan.

The Horizon 2020 E-FIX program was started in 2018. Armenia is represented in it by ACBA Leasing, the leader of the leasing market in Armenia and a member of ACBA-CREDIT AGRICOLE BANK financial group.

ACBA Leasing JSC was founded in April 2003 and is the first specialized leasing company in Armenia. The company is an absolute market leader, as well as one of the initiators of legislative changes in this area. The main shareholders of ACBA Leasing are ACBA-CREDIT AGRICOLE BANK - 54% and Сredit Agricole Leasing & Factoring - 38%. -0-

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