{"id":267697,"date":"2013-10-23T15:20:02","date_gmt":"2013-10-23T15:20:02","guid":{"rendered":"http:\/\/new.moldova.org\/2013\/10\/23\/moldova-joins-eastern-europe-energy-efficiency-partnership-239688-eng\/"},"modified":"2013-10-23T15:20:02","modified_gmt":"2013-10-23T15:20:02","slug":"moldova-joins-eastern-europe-energy-efficiency-partnership-239688-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/moldova-joins-eastern-europe-energy-efficiency-partnership-239688-eng\/","title":{"rendered":"Moldova joins Eastern Europe Energy Efficiency Partnership"},"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\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p style=\"text-align: justify\">The Republic of Moldova has joined the Eastern Europe Energy Efficiency and Environment Partnership (E5P) seeking to enhance its support for energy efficiency projects and reduce harmful emissions.<\/p>\n<p>Georgia and Armenia are among the states that made the same choice.<\/p>\n<p style=\"text-align: justify\">In support of this project, the European Investment Bank (EIB) headquartered in Luxembourg announced that it has raised an additional 60 million Euro to enable expansion of the activities of the E5P Fund.<\/p>\n<p style=\"text-align: justify\">EIB President Werner Hoyer said that project is designed to provide both financial assistance and technical know-how to the E5P countries.<\/p>\n<p style=\"text-align: justify\">&ldquo;The European Investment Bank stands ready to accompany the Eastern Partnership Countries in improving energy efficiency and environmental protection by providing the necessary investments and its technical know-how alongside other international finance institutions active in the region,&rdquo; Werner Hoyer said.<\/p>\n<p style=\"text-align: justify\">E5P is part of the strategic response to energy issues, allowing municipal authorities to invest in concrete projects that make the most of opportunities for energy savings.<\/p>\n<p style=\"text-align: justify\">Andras Simor, who is Vice President of the European Bank for Reconstruction and Development (EBRD), said that the positive experience they had with Ukraine determined them to expand their service to other Eastern European countries.<\/p>\n<p style=\"text-align: justify\">&ldquo;The partnership will be able to draw on the successful experiences we had in Ukraine and we now look forward to working with Armenia, Georgia and Moldova,&rdquo; Andras Simor stressed.<\/p>\n<p style=\"text-align: justify\">EU Commissioner for Enlargement and European Neighborhood Policy, &Scaron;tefan F&uuml;le said that the EU Commission &ldquo;is ready to provide up to 30 million Euro for the three countries that are joining the facility.&rdquo;<\/p>\n<p style=\"text-align: justify\">Countries of the Eastern Partnership are highly dependent on expensive imported gas, mainly from Russia, placing a heavy burden on their economies. EIB estimates that these countries are three times more energy-intensive than the average EU country.&nbsp;<\/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\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>The Republic of Moldova has joined the Eastern Europe Energy Efficiency and Environment Partnership (E5P) seeking to enhance its support for energy efficiency projects and reduce harmful emissions.<\/p>\n","protected":false},"author":3,"featured_media":267696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-267697","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\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p style=\"text-align: justify\">The Republic of Moldova has joined the Eastern Europe Energy Efficiency and Environment Partnership (E5P) seeking to enhance its support for energy efficiency projects and reduce harmful emissions.<\/p>\n<p>Georgia and Armenia are among the states that made the same choice.<\/p>\n<p style=\"text-align: justify\">In support of this project, the European Investment Bank (EIB) headquartered in Luxembourg announced that it has raised an additional 60 million Euro to enable expansion of the activities of the E5P Fund.<\/p>\n<p style=\"text-align: justify\">EIB President Werner Hoyer said that project is designed to provide both financial assistance and technical know-how to the E5P countries.<\/p>\n<p style=\"text-align: justify\">&ldquo;The European Investment Bank stands ready to accompany the Eastern Partnership Countries in improving energy efficiency and environmental protection by providing the necessary investments and its technical know-how alongside other international finance institutions active in the region,&rdquo; Werner Hoyer said.<\/p>\n<p style=\"text-align: justify\">E5P is part of the strategic response to energy issues, allowing municipal authorities to invest in concrete projects that make the most of opportunities for energy savings.<\/p>\n<p style=\"text-align: justify\">Andras Simor, who is Vice President of the European Bank for Reconstruction and Development (EBRD), said that the positive experience they had with Ukraine determined them to expand their service to other Eastern European countries.<\/p>\n<p style=\"text-align: justify\">&ldquo;The partnership will be able to draw on the successful experiences we had in Ukraine and we now look forward to working with Armenia, Georgia and Moldova,&rdquo; Andras Simor stressed.<\/p>\n<p style=\"text-align: justify\">EU Commissioner for Enlargement and European Neighborhood Policy, &Scaron;tefan F&uuml;le said that the EU Commission &ldquo;is ready to provide up to 30 million Euro for the three countries that are joining the facility.&rdquo;<\/p>\n<p style=\"text-align: justify\">Countries of the Eastern Partnership are highly dependent on expensive imported gas, mainly from Russia, placing a heavy burden on their economies. 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