Energy saving programs were discussed during the meeting between Armenian capital city Yerevan Mayor Taron Margaryan and Director Tamara Babayan of the Renewable Energy and Energy Efficiency Fund of Armenia. World Bank (WB) representative Arthur Kochnakyan also took part in the meeting. 

Underscoring the cooperation with the Fund, the Mayor specifically stressed:

“We are open and ready to discuss all proposals which will contribute to securing the comfort of our city and residents.” 

In her turn, Babayan noted that the key objective of the Fund’s program, which is carried out with the support of the WB, is to secure energy saving. 

“The efficiency of the projects, which are underway in the capital city and especially in the recent months, is evident. And this comes to prove yet again that effective management of finances enables to carry out more visible and tangible changes in Yerevan. I can assure that we look toward continuing the cooperation with you,” noted Tamara Babayan.   

In his turn, WB representative Arthur Kochnakyan added that the results of energy efficiency study implemented by the World Bank in 2008 indicated that the country has significant energy efficiency potential , including in the public sector. The R2E2 Fund might explore the feasibility of financing energy efficiency retrofits in various facilities (e.g. kindergartens, art schools) under the Yerevan municipality, which meet the eligibility criteria of the GEF/World Bank Energy Efficiency Project.