Delegation of the European Union to Armenia

Energy saving and reducing greenhouse gas emission in Kazakhstan

25/06/2018 - 00:00
Energy

The objective of the action is to provide funding to support the preparation and implementation of EBRD investments (loans) in various regions, thereby contributing to saving energy by decreasing the losses and by setting tariff system; incentivising energy saving by end-users, resulting in reduction of greenhouse gases emissions; and generating demonstrable effect, including new products and processes; highlighting significant cost savings potential and environmental benefits; and new ways of financing activities.

The specific objectives are to support investments by contributing to the improvement of financial and operational management of the companies, enabling e.g. metering and measuring of actual consumption, thus ensuring long-term financial viability of the specific companies; providing substantial training for the key staff of the companies and the cities in order to enable substantial market skill transfer; providing cities and companies with on-the-job training in relation to access to international financial, corporate, managerial, procurement and engineering skills and knowledge transfer; and supporting the development and setting of tariff policies.
 

Total Cost (EUR): 3 250 000

EU contracted amount (EUR): 3 250 000

Duration: December 2013 - December 2019

Implementing organisation: European Bank for Reconstruction and Development (EBRD)

Funding Instrument: Development Cooperation Instrument (DCI)

Benefitting zone: Kazakhstan

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