MINSK, 23 February (BelTA) - Belarus plans to allocate $200 million of loans on the implementation of energy efficient projects up to 2022, First Deputy Director of the Department for Energy Efficiency of the State Committee for Standardization of Belarus Viktor Akushko said at a board meeting of the department on 23 February, BelTA has learned.
The World Bank Office in Belarus and the Department for Energy Efficiency, together with other stakeholders, are working on a new two-component project in the energy sector to increase the use of local fuels in the centralized heat supply system and improve the energy efficiency of the housing sector.
“The project is included in Belarus' Partnership Framework Strategy for 2018-2022. The possible amount of loans is $200 million, including $100 million from the International Bank for Reconstruction and Development and $100 million from the European Investment Bank. The preliminary analysis shows that the new joint investment project will benefit Belarus,” said Viktor Akushko.
A new scheme is suggested to finance the project with the help of loans, the funds allocated for capital repairs of the housing stock and the revenue from privatization of housing. “The evaluation of the feasibility of this financing scheme needs robust grounding for the final approval at the level of the government and the head of state,” Viktor Akushko added.More about Economy