In order to ensure the optimal set-up of the “GAF Energy Efficiency Programme for MSMEs”, various parties are involved in the project implementation.
The German Development Bank (KfW) provides the funds from the Federal Ministry of Economic Cooperation and Development (BMZ) needed to finance EE/RE investments under the “GAF Energy Efficiency Programme for MSMEs”.
The Central Bank of Armenia (CBA) and KfW entered into an agreement to promote the utilisation of EE potentials and RE by improving the access to loans for Armenian MSMEs. The CBA hedges the currency risk of the KfW funds.
IPC - Internationale Projekt Consult GmbH is the responsible project consultant for the “GAF Energy Efficiency Programme for MSMEs”. This concerns the development and implementation of standards, principles, policies and guidelines.
Armenian enterprises are the final beneficiaries of the “GAF Energy Efficiency Programme for MSMEs”. By investing in EE/RE machinery and equipment, MSMEs significantly reduce the negative environmental effects associated with non-renewable energy sources. In this way, they help to save wildlife habitats, safeguard the planet, and make sure that there is energy left for future generations.