YEREVAN, July 26. /ARKA/. As a result of cooperation between Acba bank, ACBA Leasing and the Green Economy Financing Facilities (GEFF) Program of the European Bank for Reconstruction and Development (EBRD), some $5 million will be distributed for the development of the ‘green economy’ in Armenia through financing business projects in such areas as energy efficiency, climate change adaptation and renewable energy sources, Acba bank said today.

It said the attracted funds will be provided both in Armenian drams and US dollars. It said thanks to the GEFF Program, enterprises in Armenia will be able to make their business projects even more efficient with solar photovoltaic power plants, energy efficient transport and construction equipment, engines and pumps, production technologies and technologies with an efficiency of over 1,500.

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The European Bank for Reconstruction and Development (EBRD) and the European Union will support the Armenian government in creating a green economy

Categories: 121, 144, Economy @en, General news, News | Comments Off on EBRD and European Union to help Armenia develop green economy

Tags: Armenia, EBRD, European Union, green economy

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