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ARMENIA SUSTAINABLE ENERGY FINANCE PROJECT

ARMENIA SUSTAINABLE ENERGY FINANCE PROJECT. Tigran Parvanyan Armenia Sustainable Energy Finance Project M anager. Համաշխարհային բանկի խումբ. Հայաստանում էներգետիկ սակագները. >7,050 c.m ./month it makes sense to burn more to save $$$!!!. ENERGY CONSUMPTION in RESIDENTIAL SECTOR.

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ARMENIA SUSTAINABLE ENERGY FINANCE PROJECT

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  1. ARMENIA SUSTAINABLE ENERGY FINANCE PROJECT Tigran Parvanyan Armenia Sustainable Energy Finance ProjectManager

  2. Համաշխարհային բանկի խումբ

  3. Հայաստանում էներգետիկ սակագները >7,050c.m./month it makes sense to burn more to save $$$!!!

  4. ENERGY CONSUMPTION in RESIDENTIAL SECTOR • Annual Energy consumption • Natural gas: 170 m3/capita • Electricity: 1,550 kWh/capita # of households in multiapartment buildings An average household with 4 family members is spending over AMD310,000/year on energy costs. ~AMD50,000/month during heating season! Source: ArmStat 2012

  5. Challenges for EE in Armenia What stops companies from doing more EE? • Awareness: less than 50% believe EE is important • Lack of expertise: companies underestimate EE savings by 70% • Lack of leverage: only 17% applied for external financing • Lack of effective policy instruments promoting EE What stops households from doing more EE? • Lack of awareness about technologies and measures expected savings • Lack of financing opportunities • Absence of incentives promoting EE, e.g. tax breaks, rebates, etc. • High cost and shortage of EE materials/equipment

  6. THANK YOU TigranParvanyanProject Manager, Armenia Sustainable Energy Finance Project • +374 10 545 242 • TParvanyan@ifc.org

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