BDAR

Your personal data management

In order to assure best browsing experience, this website is using cookies. By continuing on this site, you agree to the usage of cookies. You can change the settings of the cookies for this site later in your browser settings and by deleting all the cookies. 

Read more about our cookie policy.


Print RSS

News

The Energy Efficiency Fund was established

19 February 2015

On the 18th of February an agreement establishing Energy Efficiency Fund (ENEF) was signed. The agreement was signed by the Ministry of Finance, the Ministry of Energy and Public Investment Development Agency.

Show: from

On the 18th of February an agreement establishing Energy Efficiency Fund (ENEF) was signed. The agreement was signed by the Ministry of Finance, the Ministry of Energy and Public Investment Development Agency. The Fund will seek to encourage investment in energy efficiency projects using the following financing tools: loans for the modernization of central government buildings and guarantees for loans from commercial banks for the modernization of street lighting projects. Fund manages 79, 65 million Euro.

"We are pleased to announce that this Fund is the first in the European Union (EU) established under EU Structural Funds 2014-2020. I believe that Energy Efficiency Fund will contribute significantly towards the improvement of energy efficiency situation in Lithuania and sustainable energy promotion in the whole country, "- says the director of Public Investment Development Agency Gvidas Dargužas.

The need to establish such fund was discovered during an evaluation of energy efficiency situation in Lithuania (ex ante). The evaluation revealed two sensitive public infrastructure problems: low energy efficiency of central government buildings and unsatisfactory condition of the street lighting in most of the cities.

 Public Investment and Development Agency was appointed as the Fund manager. It is expected that the first loans and guarantees from the Fund will be provided in summer of 2015.

Events

Previous Next
December 2022
Mo Tu We Th Fr Sa Su
28 29 30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
01

Subscribe

RSS