EBRD Energy Efficiency Loan to Azerbaijan

THE European Bank for Reconstruction and Development (EBRD) is to provide a loan in Azerbaijan to support the Caucasus Energy Efficiency Program (CEEP).

The EBRD stated that the energy efficiency loan ($5 million) will finance sub-loans to eligible corporates and individuals for business and residential energy efficiencyiprojects.

The project will allow Demirbank’ to continue to compete successfully in the local banking sector by providing new products and offering medium and long-term financing for energy efficiency to its customers.

Picture of Baku Bay by Khortan (Own work) [CC-BY-SA-3.0], via Wikimedia Commons

Wednesday 28th May 2014

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