IFC Energy Efficiency Expo kicks off in ArmeniaApril 12, 2012 - 11:57 AMT PanARMENIAN.Net - IFC, a member of the World Bank Group, launched its annual Energy Efficiency Expo today, April 12 in Armenia, showcasing energy efficient technologies that will help local entrepreneurs save energy, cut costs and reduce greenhouse gas emissions. The expo is part of IFC’s efforts in Europe and Central Asia to address climate change and help companies become more resource efficient and profitable. This year, in addition to showcasing energy saving technologies and equipment, IFC is also highlighting the importance of energy efficiency in the residential sector with round-table discussions and a presentation by Byblos Bank Armenia. The IFC client will offer information about its residential energy efficiency financing program. “Expanding access to finance for energy efficiency projects in Armenia is a priority for IFC,” said Tigran Parvanyan, Manager of IFC’s Sustainable Energy Finance Project in Armenia. “By becoming more energy efficient, businesses will reduce their energy costs and increase competitiveness. A more energy efficient residential sector will also help homeowners reduce utility costs, which is especially important for low-income households.” The Energy Efficiency Expo is being held in Moscow House, Yerevan through April 14. It is organized by the IFC Armenia Sustainable Energy Finance Project, in partnership with the Austrian Ministry of Finance, and is presented by ExpoMedia Center of Exhibition Projects. Since Armenia became a member of IFC in 1995, IFC has invested $202 million in 35 projects across the several industries, including financial markets, manufacturing, and mining. IFC Advisory Services also provides advice through projects focusing on the financial sector, sustainable energy, and regulatory simplification, IFC said in a press release. 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 | Pashinyan travels to Iran to pay tribute to Raisi, others Prime Minister Nikol Pashinyan has left for the Islamic Republic of Iran on a working visit. Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. |