Armenia’s energy efficiency investment potential estimated at $200mlnMarch 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 | Russia provides info about arrested Armenian ex-MP Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan. Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”. 41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience. Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |