{"id":267077,"date":"2013-05-21T15:00:02","date_gmt":"2013-05-21T15:00:02","guid":{"rendered":"http:\/\/new.moldova.org\/2013\/05\/21\/ebrd-loans-e2-million-to-moldova-for-energy-efficiency-projects-236956-eng\/"},"modified":"2013-05-21T15:00:02","modified_gmt":"2013-05-21T15:00:02","slug":"ebrd-loans-e2-million-to-moldova-for-energy-efficiency-projects-236956-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/ebrd-loans-e2-million-to-moldova-for-energy-efficiency-projects-236956-eng\/","title":{"rendered":"EBRD loans \u20ac2 million to Moldova for energy efficiency projects"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p style=\"text-align: justify\">A new loan worth 2 million Euro will enter Moldova. The money will be given by the European Bank for Reconstruction and Development (EBRD) to boost energy efficiency projects in Moldova.<\/p>\n<p style=\"text-align: justify\">According to a press release of the EBRD, the loan is part of the program called the Moldovan Residential Energy Efficiency Financing Facility (MoREEFF). It provides 35 million Euro to finance energy efficiency improvements in individual households.<\/p>\n<p style=\"text-align: justify\">The money will be transferred to Mobiasbanc\u0103 &#8211; Groupe Soci&eacute;t&eacute; G&eacute;n&eacute;rale. The financing will be then on-lent to individual households, groups of residents, housing associations, condominiums and cooperatives as well as home management companies, energy saving and service companies to help them finance improvements that will make homes more energy efficient.<\/p>\n<p style=\"text-align: justify\">&ldquo;I am pleased to extend this new financing to Mobiasbanca for residential energy efficiency just a month after we provided the bank with a loan for business energy efficiency,&rdquo; EBRD Director for Caucasus, Moldova and Belarus, Paul-Henri Forestier, who signed the deal, said. &ldquo;Housing has a huge potential for emissions savings, and this is a great opportunity for homeowners to save energy and the money that they pay in bills &ndash; a big financial burden for Moldovans.&rdquo;<\/p>\n<p style=\"text-align: justify\">EBRD admits that Moldova needs an energy efficiency program, since more than 90% of the energy consumed is imported, which sums up to 30% of the import budget.<\/p>\n<p style=\"text-align: justify\">&ldquo;At the same time the outmoded urban infrastructure, dilapidated communal housing and obsolete energy infrastructure lead to an enormous waste of resources at the consumer level. In some of the residential buildings thermal losses account for up to 50 % of heat consumption,&rdquo; EBRD said in a press release.<\/p>\n<p style=\"text-align: justify\">The MoREEFF has been supporting 134 households to save energy and money, having committed 347,793 Euro in loans via partner banks since the fall of 2012. As a result CO2 emissions were reduced by 185 tonnes per year which would otherwise take a forest of 5ha and 7000 trees to absorb.<\/p>\n<p style=\"text-align: justify\">The EBRD is one of the largest investors in Moldova. So far it has signed 96 investment projects. They mainly cover energy, transport, agribusiness, general industry and banking sectors, for a cumulative amount of 743 million Euro.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>A new loan worth 2 million Euro will enter Moldova. The money will be given by the European Bank for Reconstruction and Development (EBRD) to boost energy efficiency projects in Moldova.  According to a press release of the EBRD, the loan is part of the program called the Moldovan Residential Energy Efficiency Financing Facility (MoREEFF). It provides 35 million Euro to finance energy efficiency improvements in individual households.<\/p>\n","protected":false},"author":3,"featured_media":267076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-267077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"content_social_share":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p style=\"text-align: justify\">A new loan worth 2 million Euro will enter Moldova. The money will be given by the European Bank for Reconstruction and Development (EBRD) to boost energy efficiency projects in Moldova.<\/p>\n<p style=\"text-align: justify\">According to a press release of the EBRD, the loan is part of the program called the Moldovan Residential Energy Efficiency Financing Facility (MoREEFF). It provides 35 million Euro to finance energy efficiency improvements in individual households.<\/p>\n<p style=\"text-align: justify\">The money will be transferred to Mobiasbanc\u0103 &#8211; Groupe Soci&eacute;t&eacute; G&eacute;n&eacute;rale. The financing will be then on-lent to individual households, groups of residents, housing associations, condominiums and cooperatives as well as home management companies, energy saving and service companies to help them finance improvements that will make homes more energy efficient.<\/p>\n<p style=\"text-align: justify\">&ldquo;I am pleased to extend this new financing to Mobiasbanca for residential energy efficiency just a month after we provided the bank with a loan for business energy efficiency,&rdquo; EBRD Director for Caucasus, Moldova and Belarus, Paul-Henri Forestier, who signed the deal, said. &ldquo;Housing has a huge potential for emissions savings, and this is a great opportunity for homeowners to save energy and the money that they pay in bills &ndash; a big financial burden for Moldovans.&rdquo;<\/p>\n<p style=\"text-align: justify\">EBRD admits that Moldova needs an energy efficiency program, since more than 90% of the energy consumed is imported, which sums up to 30% of the import budget.<\/p>\n<p style=\"text-align: justify\">&ldquo;At the same time the outmoded urban infrastructure, dilapidated communal housing and obsolete energy infrastructure lead to an enormous waste of resources at the consumer level. In some of the residential buildings thermal losses account for up to 50 % of heat consumption,&rdquo; EBRD said in a press release.<\/p>\n<p style=\"text-align: justify\">The MoREEFF has been supporting 134 households to save energy and money, having committed 347,793 Euro in loans via partner banks since the fall of 2012. As a result CO2 emissions were reduced by 185 tonnes per year which would otherwise take a forest of 5ha and 7000 trees to absorb.<\/p>\n<p style=\"text-align: justify\">The EBRD is one of the largest investors in Moldova. So far it has signed 96 investment projects. 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for energy efficiency projects - Moldova.org<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.moldova.org\/en\/ebrd-loans-e2-million-to-moldova-for-energy-efficiency-projects-236956-eng\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Autor invitat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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