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As of May 2016, under the KyrSEFF credit line facility the total of 53 loans were disbursed, out of which 34 companies are finalising the implementation of their energy saving measures. Consequently, they received the investment incentives for the successful project implementation.
The total investments into these projects sum up to $13.7 million. Around 46 per cent of loans were used to replace and optimize equipment in the food industry, while 25 per cent have been used to improve energy efficiency in commercial buildings.
Energy savings generated by the KyrSEFF projects in the commercial sector amount to 88,506 MWh per year, equal to energy from burning 19,790 tonnes of coal (with the energy content of 3,580 kcal/kg).
CO2 emissions savings from the energy efficiency projects implemented under KyrSEFF amount to 21,323 tonnes per year of CO2 emissions decrease, which is equal to emissions from 229 flights Moscow-Bishkek.
This way, the EBRD through KyrSEFF supports sustainable financing and implementation of energy efficiency and renewable energy projects by the private sector. Together, the private, public and residential sectors can make a change in the energy consumption patterns and contribute to the environmental protection.