Kompanion Bank launched lending of energy efficiency and resource conservation projects as part of KyrSEFF+ program

27 March 2017

Kompanion Bank launched lending of projects for energy efficiency, resource conservation and renewable energy sources in residential houses and commercial organizations as part of Kyrgyz Sustainable Energy Financing Facility (KyrSEFF+). Loans are provided for improvement of heating system, ventilation and air conditioning system, heat insulation of buildings, as well as for other efforts aimed at enhancing energy efficiency and efficient use of water.

Apart from financing, Bank’s clients are offered an opportunity to receive free-of-charge technical assistance in optimization of power consumption and selection of appropriate equipment.

“Realizing the importance of investments in energy efficiency and efficient use of resources, we open up new financial opportunities for our clients to create more comfortable living conditions and business environment. Introduction of banking products as part of KyrSEFF program contributes to sustainable use of natural resources and reduction of energy consumption costs,” commented Ulanbek Termechikov, CEO of Kompanion Bank CJSC.

“With the launch of KyrSEFF+ program, people of Kyrgyzstan got a profitable financing to apply green technologies that can significantly change people’s lives and promote the development of local business. One of the priorities of efforts being taken under the program is to provide for the broadest possible access to KyrSEFF+ investments, particularly for residents of rural areas. To do that, we are expanding the number of partner banks that have presence in the most remote regions of our country. I’m sure that collectively we can contribute to the development of Kyrgyzstan’s green economy,” shared Nurzat Abdyrasulova, National Manager of KyrSEFF+ program.

It’s worth mentioning that KyrSEFF+ program has a grant component too. For successful implementation of energy saving solutions, Kompanion Bank clients can receive a grant of up to 20 percent from the funds of the EU Investment Facility for Central Asia (IFCA).

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