Armenia, Georgia and Moldova joined eastern partnership on energy
YEREVAN, October 22. /ARKA/. Armenia, Georgia and Moldova joined the Eastern Europe Energy Efficiency and Environment Partnership (E5P), the European Commission reported.
At the same time, the global donor community decided to increase the fund of the partnership by some 70 million euros.
The donors are the EU countries, Iceland, Norway, Ukraine, the United States, as well as Armenia, Georgia and Moldova from now on. The fees are then used to attract funds at national and international financial institutions’ level, particularly from the EBRD, EIB, WB Group. Initially, in 2009, the fund was suggested focusing on Ukraine.
Additional financing enables the fund supporting the Ukrainian municipalities to ensure stable and affordable heating to the population and to improve the quality of water, European commissionaire Stefan Fule said adding he is happy Armenia, Georgia and Moldova have also joined the partnership.
The European Commission is ready to provide up to 30 million euros for co-financed energy efficiency projects to these three countries, Novosti-Armenia reported referring to RIA Novosti.
The Eastern Partnership countries face difficulties in energy sector, according to the Commission. Most of these countries depend on expensive gas imports. –0--