The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and KfW on behalf of the German Ministry of Economic Cooperation and Development will provide Georgia with new financing to support its energy efficiency.
A €40 million EBRD loan and a €13 million grant from the EU will be used to reduce energy consumption, mostly in schools, contributing to overall energy security and protection of the environment. KfW will also provide additional financing.
The investment will fund the thermal insulation of school facades, roofs and basements, new windows and doors, upgraded heating systems including boilers, pipes, pumps, ventilation and cooling systems, and water-saving devices.
“Thanks to our joint programme with the EBRD and KfW, the EU is helping to scale up energy efficiency renovations in schools across Georgia,” said Sigrid Brettel, Head of Cooperation at the Delegation of the European Union to Georgia. “In addition to lower energy bills and CO2 emissions, this investment will bring healthier conditions for students, new jobs and improved energy security.”
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