NEWS

EBRD allocates $54 million to develop energy efficiency in Georgia

The programme is co-financed by the Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 12 Dec 2019 - 14:56, Tbilisi,Georgia

The European Bank for Reconstruction and Development (EBRD) is launching a new Green Economy Financing Facility (GEFF) programme in Georgia to develop energy efficiency in the country.

The facility supports small and medium-sized enterprises (SMEs), corporations and residential households by making loans available through local partner banks for energy efficiency, climate adaptation and mitigation projects,” says the EBRD.

GEFF Georgia will support the expansion of green finance, says the bank. It also notes that donor funding will help ensure that women and men have equal opportunities in accessing finances and running their businesses.

EBRD says that possible investments include energy-efficient construction materials, double-glazed windows and doors, thermal insulation, lighting, construction, agricultural equipment and machinery, photovoltaic solar panels, geothermal heat pumps and water-efficient irrigation systems.

The bank notes that Georgian businesses can identify typical green technologies which are available in Georgia by using the GEFF Technology Selector.

The programme is co-financed by the Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance.

EBRD to allocate €80 million for purchase of CNG buses in Tbilisi

29 Nov 2019

The European Bank for Reconstruction and Development (EBRD) will allocate €80 million to help Georgia purchase compressed natural gas (CNG) buses for Tbilisi, of which €65 million will be used for purchasing buses and €15 million for building a bus depot.

Georgian PM meets with EBRD VP, notes the importance of EBRD for Georgia

25 Sep 2019

Georgian Prime Minister Giorgi Gakharia has met with the First Vice President of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink and noted the key role of the EBRD in the development of Georgia.

EBRD President says Georgia is developing in the right direction

06 Mar 2019

The European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti said Georgia is developing in the right direction at today’s meeting with Georgian Prime Minister Mamuka Bakhtadze in Tbilisi.

EBRD official: bank increasingly trusts Georgian gov’t and its economic policy

06 Feb 2019

The European Bank for Reconstruction and Development (EBRD) increasingly trusts the government of Georgia and its economic policy, says new Managing Director for Eastern Europe and the Caucasus Matteo Patrone.

EBRD allocates half a million USD to develop waste management strategy in Tbilisi

20 Dec 2019

The European Bank for Reconstruction and Development (EBRD) has allocated $500,000 in a grant that will be fully used to develop a waste management strategy in the Georgian capital Tbilisi.

EBRD vice-president praises Georgia’s economic development

05 Mar 2020

The first vice-president of the European Bank for Reconstruction and Development (EBRD) Jurgen Rigterink praised Georgia’s recent progress and the country’s economic growth at today’s meeting with the Prime Minister of Georgia Giorgi Gakharia, announces the Government of Georgia.

Georgian parliament adopts energy efficiency legislation

23 May 2020

The Georgian parliament has adopted legislation on energy efficiency and energy efficient construction, bringing the country closer to EU standards. The legislation aims to reduce emissions and pollution, improve the energy efficiency of buildings, as well as to decrease energy imports and bolster the country’s energy security.

Georgia takes 3rd place in EU Sustainable Energy Award for Eastern partnership

23 Jun 2020

A Georgian project of biomass energy and energy efficient technologies took the third place in the European Union Sustainable Energy Award for the Eastern Partnership. The project envisages full retrofitting of two municipal kindergartens with modern energy efficiency technologies using renewable energy in the country's eastern region of Kakheti.

Batumi first city in S. Caucasus to have electric buses thanks to EU

27 Jul 2021

Batumi has become the first city in the South Caucasus where non-polluting, fully electric buses have been added to the transport fleet thanks to EU financial aid.

EBRD to allocate $16mln to promote small firms, women-led companies in Georgia

07 Feb 2023

The European Bank for Reconstruction and Development will assign a $16 million loan, backed by the European Union and Sweden, to Georgia’s Credo Bank to support local micro, small and medium-sized companies and women-led firms in the country, the Bank announced on Tuesday.