The EBRD arrangement with ACBA Leasing to disburse the US$ 4 million of CEEP/Energocredit funding for investments in energy efficient equipment and renewable energy completed in less than 6 months. The funds were placed through leasing agreements with over 30 private companies located mainly in Yerevan (67%), Lori (7%) and Kotayk (7%) regions of Armenia. The borrowing companies were mainly involved in construction (40%), food processing (23%), wholesale and retail trade (17%), freight transport (10%), making their EE/RE investments mostly in construction equipment – 62% and industrial equipment – 24%. With this US$ 4 million funding, EBRD contributed to delivering savings impact of 14,943 MWh/year of primary energy and 3,317 tonnes/year of CO2.
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