Finance for Kyrgyz Energy Efficiency Upgrades

THE European Bank of research and Development (EBRD) has provided funding to Kyrgyzstan through Kyrgyz Investment and Credit Bank (KICB), to increase financing for energy efficiency projects.
KICB will receive a loan of $ 2 million. The funds will be used for on-lending to businesses and households wishing to make energy efficiency improvements, for example buy more efficient equipment or install insulation.
The framework under which the loan is being made, Kyrgyz Sustainable Energy Financing Facility (KyrSEFF) is one of the EBRD’s range of instruments to finance energy efficiency and small-scale renewable energy projects in the region. KyrSEFF offers credit lines and technical assistance to local banks, to enable them to finance small-scale sustainable energy projects. KyrSEFF is supported by the European Union’s Investment Facility for Central Asia (IFCA).
KyrSEFF is a $ 20 million facility which is part of the EBRD’s wider Sustainable Energy Financing Facility. KyrSEFF financing includes grants covering from 10 to 35% of the project cost provided by the European Union’s Investment Facility for Central Asia (IFCA).

Picture of Ala-Too Square, Bishkek's main square by Gilad Rom, reproduced under CCL.

Tuesday 30th December 2014

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