The European Bank for Reconstruction and Development, the European Union and KfW on behalf of the German Ministry of Economic Cooperation and Development are supporting energy efficiency in Georgia. A EUR 40 million EBRD loan and a EUR 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 be providing additional financing.Buildings consume a significant amount of energy, making up close to one-third of total consumption in the country. The investment will target schools and fund the thermal insulation of facades, roofs and basements, new windows and doors, upgraded heating systems including boilers, pipes, pumps, ventilation and cooling systems, and water-saving devices.As a result, heating bills will decrease, allowing authorities to allocate the savings to other services, and students will be able to learn in more pleasant and environmentally friendly classrooms. What is more, the investment will increase the use of energy-efficient technologies, boost the local construction sector and create employment opportunities.
The European Bank for Reconstruction and Development, the European Union and KfW on behalf of the German Ministry of Economic Cooperation and Development are supporting energy efficiency in Georgia. A EUR 40 million EBRD loan and a EUR 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 be providing additional financing.Buildings consume a significant amount of energy, making up close to one-third of total consumption in the country. The investment will target schools and fund the thermal insulation of facades, roofs and basements, new windows and doors, upgraded heating systems including boilers, pipes, pumps, ventilation and cooling systems, and water-saving devices.As a result, heating bills will decrease, allowing authorities to allocate the savings to other services, and students will be able to learn in more pleasant and environmentally friendly classrooms. What is more, the investment will increase the use of energy-efficient technologies, boost the local construction sector and create employment opportunities.
