Kyrgyzstan gets loan for power efficiency

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Registered: 05-15-2013
Kyrgyzstan gets loan for power efficiency
Wed, 05-15-2013 - 3:33am

The European Bank for Reconstruction and Development has launched a $ 20 million credit line supporting energy efficiency improvements in households and private enterprises in Kyrgyzstan. 

Credits are complemented by donor funding provided by the EU Central Asia Investment Facility (IFCA). The total donor funding made available for technical assistance and grants offered together with the KyrSEFF credit line amounts to 3.8 million euros.

Over the next four years, loans under the new Kyrgyz Sustainable Energy Financing Facility (KyrSEFF) will be provided through partner banks. KyrSEFF credits are now available through Demirbank and KICB, with additional partners expected to join in the next few months. Loans under this credit line may be as little as a few hundred dollars but may reach a maximum of US$ 1 million depending on the borrower and the investment type.