NIB starts Russia Energy Efficiency Programme, REEP
(Thomson Reuters ONE) -
NIB is launching a long-term funding programme aimed at improving energy
efficiency in the industrial and district heating sectors in the Russian
Federation. The first step of the programme will be to open a consultancy for
potential projects.
NIB's Russia Energy Efficiency Programme (REEP) will help potential borrowers in
Russia to develop eligible projects and provide funds for them. The funds will
be allocated by NIB with Russian Gazprombank and potentially some other
intermediary banks. NIB has so far earmarked EUR 60 million for on-lending to
REEP projects.
"With REEP, we are trying out a new approach to identifying and appraising
potential projects as well as raising awareness about energy efficiency," says
Henrik Normann, NIB President and CEO.
"We would like to see more initiatives to improve energy efficiency and to help
future borrowers prepare their projects in line with NIB's criteria. We also
hope that this will ultimately help reduce cross-border pollution."
For support in project development, NIB has contracted the Swedish consultancy
company Grontmij AB. Under a two-year contract, the consultant will help
identify potential projects, carry out measurements of energy efficiency and
environmental assessments, organise training in environmental and energy
efficiency related matters as well as assist in promoting REEP in Russia. The
consultancy will be financed with grants from Sweden provided through the
Ministry of Foreign Affairs and the Swedish International Development
Cooperation Agency Sida.
NIB is a multilateral financial institution owned by eight member countries:
Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The
Bank finances private and public projects in and outside the member countries.
NIB has the highest possible credit rating, AAA/Aaa, with the leading rating
agencies Standard & Poor's and Moody's.
For further information, please contact
Ms Marjo Harri, Senior Manager Origination, at +358 10 618 0227,
marjo.harri(at)nib.int
Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,
dimitrijs.alehins(at)nib.int
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other applicable laws; and
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originality of the information contained therein.
Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1617112]
Unternehmensinformation / Kurzprofil:
Datum: 05.06.2012 - 09:00 Uhr
Sprache: Deutsch
News-ID 152989
Anzahl Zeichen: 2925
contact information:
Town:
Helsinki
Kategorie:
Business News
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"NIB starts Russia Energy Efficiency Programme, REEP"
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