The European Bank for Reconstruction and Development (EBRD), the Ministry of Finance of Armenia and the Municipality of Yerevan city have signed an agreement to allocate a co-financing grant of €1.9 million to support the modernisation of street lighting in the city of Yerevan.
The grant is provided by the E5P fund (Eastern Europe Energy Efficiency and Environment Partnership) which is managed by the EBRD and pools donor contributions from the European Union and a number of donor countries including Armenia.
In May 2015, the EBRD committed a €3.7 million loan to modernise Yerevan’s street lighting system by introducing new energy-efficient technologies …read more
Source: 168hours
