A trilateral Statement of Intent has been signed between United Nations Development Programme (UNDP), KfW Development Bank and National Mortgage Company (NMC) to jointly support the promotion of energy efficiency in buildings in Armenia, particularly in the frames of the UNDP “De-Risking and Scaling-up Investment in Energy Efficient Building Retrofits” Project.
The parties have agreed to perform a number of actions, including:
· providing technical assistance to financial institutions on financing and certification of housing energy efficiency projects,
· assisting developers in designing and construction of energy-efficient buildings,
· developing joint pilot projects on energy efficient renovation of multi-apartment buildings and single-family homes.
The pilot projects will be implemented in up to 3 mutli-apartment buildings.