Georgia joins ESP energy programme
Georgia, Moldova and Armenia joined Eastern Europe Energy Efficiency and Environment Partnership (E5P) energy programme, the European Commission reported.
The international community of financial backers decided to increase the funding for this programme by 70 million euros, the report reads.
The backers are the EU countries, as well as Iceland, Norway, Ukraine and the United States. Georgia, Moldova and Armenia have recently joined. The contributions of donor countries are specifically used in schemes to raise funds at national level, as well as from international financial institutions such as the EBRD and World Bank Group.
The European Commission noted that it is ready to allocate 30 million euros for Georgia, Moldova and Armenia to co-finance the projects in the field of energy efficiency for the municipalities.
According to the European Commission, Eastern Partnership countries greatly depend on the import of expensive gas in the energy sector.