  Armenia’s energy efficiency investment potential estimated at $200mln March 10, 2011 - 14:04 AMT PanARMENIAN.Net - Thomas Lubeck, IFC Regional Head for the Caucasus, said that, according to the IFC report Energy Efficiency: A New Resource for Sustainable Growth, the Armenian industrial sector could save up to 14.5% of energy costs by further improving energy efficiency. The 100 companies surveyed indicated plans to invest more than $35 million in energy efficiency in the short term, which represents a market potential of more than $200 million in Armenia, Lubeck told a PanARMENIAN.Net reporter. Energy Efficiency Expo 2011, held in Moscow House, Yerevan on March 10-12, is designed to provide solutions for businesses, in particular small and medium enterprises, to become more energy efficient by introducing them to vendors and suppliers of energy-efficient equipment. The Energy Efficiency Expo is funded by IFC Armenia Sustainable Energy Finance project and presented by ExpoMedia Center of Exhibition Projects. IFC Armenia Sustainable Energy Finance Project is run in collaboration with the Austrian Ministry of Finance.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
