SEMINAR FOR AGRIBUSINESS ENTREPRENEURS HELD IN KEMIN

SEMINAR FOR AGRIBUSINESS ENTREPRENEURS HELD IN KEMIN

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Kemin, 4 May 2018 —

KyrSEFF Program organized a spring session and workshop for the farmers of Chui region. Earlier similar seminars were held in Osh and Dzhalal-Abad regions.

On May 4, 2018, a traditional KyrSEFF Spring Session called Green Technologies and Resource Efficiency for a Successful Business took place in the city of Kemin. It brought together more than 85 representatives of agribusiness and farming enterprises, technology suppliers, state authorities and media.

The representatives of the Ministry of Agriculture, Kemin district council, Kyrgyz Sustainable Energy Financing Facility – KyrSEFF, partner banks – KICB and Kompanion, technology supplying companies BiAST LLC, Akva Silver LLC, CIC LLC, Zhashyl Charba Agricultural Holding held presentations during the event devoted to the issues of the efficient development of the agricultural sector.

The seminar program consisted of two parts; the first one was class-room discussions and it included the presentations by the speakers. The second one was practical field visit, and during it, the participants visited a successful farmer enterprise that had implemented modern water saving measures.

The presentations of the speakers covered the topics of agricultural business development and management focused on resource efficiency and introduction and green technologies.

 

Nurzat Abdyrasulova, KyrSEFF Program National Manager, noted that the agricultural sector has a wide range of opportunities to increase resource efficiency and introduce renewable energy sources for farming and manufacturing premises.

“A timely transition to resource efficient development and the introduction of green technologies can significantly contribute to the solution of the crisis in the energy sector, address the issue of water and energy shortage, reduce emissions of carbon dioxide, promote the adaptation of business to the climate change and, simultaneously, improve the socio-economic situation,” – said Nurzat Abdyrasulova.

Bakyt Askarbekov, Financial Specialist of KyrSEFF, presented an in-depth overview of financing mechanisms supported by the Facility. He said that, since 2013, KyrSEFF has supported more than 105 different successful business projects, totaling USD 33 million and with grant incentives of more than USD 3,7 million provided by the European Union. It is worth noticing that the range of technologies, supported by KyrSEFF, is wide: from the insulation of a building to the replacement of a tractor with a better one which uses less fuel and is more efficient.

Another speaker of the event – Tilek Toktogaziev, Director of Zhashyl Charba Agricultural Holding, specializing in the manufacturing of greenhouses, told about different ways to increase the energy efficiency of greenhouses. For example, thermal blankets helped the company clients cut the consumption of coal by the greenhouses by half.

The necessity to increase the energy efficiency of greenhouses is economically feasible. A usual greenhouse spends 75% of the consumed energy on heating, 15% on electricity, and 10% on equipment. Energy efficient measures vary from standard to highly efficient heating and cooling systems.

Energy efficiency in the agricultural sector can also be increased through the installation of photovoltaic panels, drip irrigation systems, insulation of buildings and storehouses, etc.

An open, lively conversation among KyrSEFF specialists, suppliers, farmers, and farm managers took place during the seminar. It addressed the issues of financing, subsidizing, as well as other issues related to the development of individual entrepreneurship in the agricultural sector.

Summarizing the outputs of the first part of the meeting, Askarbek Sagynbaev, Head of the Department of the Ministry of Agriculture, pointed out that similar meetings have a positive impact on raising awareness among farmers: “2018 has been declared the Year of Regions Development. To be able to grow, one has to always keep searching, improving, and learning new opportunities. There are many ways to learn. Organizing and participating in today’s event means searching and learning.”

The practical part of the seminar took place at Omurbek Abdrahmanov’s farming enterprise. He grows a special variety of apples brought from Italy, and in order to water the trees, he has installed a modern drip irrigation system.

The participants visited the apple orchard and observed the drip irrigation system.

The participants of the seminar underlined the importance of the event where they got useful information on new technologies and farming enterprise management with an accent on resource efficiency, discussed pressing issues, and exchanged experience with their colleagues.

All participants thanked the organizers for the seminar and expressed their hope that KyrSEFF program will hold similar events in the future.

The event was supported by the European Bank for Reconstruction and Development (EBRD) and the European Union (EU).

Pictures from the session is available in Facebook page of the KyrSEFF:

 

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Keeping Kyrgyz children warm

Keeping Kyrgyz children warm

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EBRD and EU support energy efficiency in Jalal-Abad kindergarten

Frost-covered streets are a common sight when children leave their homes in Jalal-Abad in the hills of the Kyrgyz Republic. From November until the early spring, temperatures frequently drop below freezing.

“We have a continental climate here, far away from any oceans, with extreme temperatures both in summer and winter,” said Ashimov Kamil, who works for the city’s Mamalak kindergarten.

“It means that our buildings need to be prepared for this. It’s rarely been the case, but this is starting to change.”

Saving energy, saving money

The EBRD and the European Union (EU) support this change across the country through the Kyrgyz Sustainable Energy Financing Facility. The Bank provides US$ 55 million in credit lines for local partner banks, which is complemented by €13.4 million in EU grants.

The EU contribution serves to identify the optimal energy savings for clients, to verify them after the installation and also to train local bankers on the new financial product.

The kindergarten in Jalal-Abad obtained a loan from Demir Bank, one of the partners in the programme, and invested into installing better windows, a new boiler for its heating system and insulating the building walls.

This has led to significant energy and cost savings. The kindergarten’s energy use has dropped by around 50 per cent, explained teacher Gulnara Toktorbaeva.

“Our kindergarten hosts about 50 children who are between 18 months and six years old,” she said. “They are young so their comfort is extremely important to us. As teachers, we can now adjust the temperature properly, which was not the case before.”

The kindergarten is just one of 100 businesses and organisations that have benefited from such investments in the Kyrgyz Republic. From residential buildings to supermarkets and hotels, ordinary citizens and business-owners have improved their living and working conditions, while at the same time cutting down on energy consumption.

It has also made a real difference to the environment: in total, the investments have helped to reduce harmful greenhouse gas emissions by almost 39,000 tonnes a year – the equivalent of taking nearly 13,500 cars off the street.

“I’m really happy to see that my six-year old girl is well looked after in a warm environment,” said Lola Adinazarova, whose daughter goes to the Mamalak kindergarten.

“And even better, our children are also learning a valuable lesson on how important it is to look after the environment.”

Building green economies

The Kyrgyz Republic is particularly susceptible to the effects of climate change. The Tian Shan mountain range dominates the country and is a major source of water for the whole region, which is under threat from raising temperatures.

“Developing green economies is one of the EBRD’s main objectives in Central Asia and across the regions where it operates,” said Neil McKain, the EBRD Director for Central Asia.

“Investments in energy and water efficiency are both profitable and in everybody’s interest. They save energy and cut costs, make businesses more competitive and protect the environment for the next generation.”

“By investing in energy efficient homes in Kyrgyzstan, the EU is investing in the creation of a more affordable, healthier and more comfortable living environment for citizens and notably the most vulnerable segments of the society,” said Charlotte Adriaen, Head of Cooperation in the EU Delegation to the Kyrgyz Republic.

“By expanding the KyrSEFF+ programme to include water saving measures, the EU and the EBRD apply a holistic approach to supporting projects focused on adaptation and resilience to climate change.”

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The Winners of the Second Round of a Contest Among Mass Media and Bloggers

The Winners of the Second Round of a Contest Among Mass Media and Bloggers

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On March 16, 2018, Kyrgyz Sustainable Energy Financing Facility (KyrSEFF) with the support of the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) awarded the winners of the second round of the national contest among mass media and bloggers for the best coverage of the theme of efficient and frugal use of resources (material, financial, labor resources, time, health, etc.) in Kyrgyzstan.

It is heartening to note that more than 120 works were submitted to participate in the second round of the contest, held between January 1, 2018, and February 28, 2018.

The contest committee, comprised of the representatives of EBRD, EU, and KyrSEFF Program and an independent expert, received materials on the following topics:

  • Legislation framework in the field of energy efficiency, resource saving and RES,
  • Energy efficiency in the private and business sectors, municipal buildings and facilities, and industry in Kyrgyzstan,
  • The market for technologies and materials,
  • Financing,
  • Best local practices and global trends,
  • Scientific discoveries in the world and in our country.

In her greeting speech during the award ceremony, Ms. Mia-Fatima Dubois-Boussaid, Project Manager of the Delegation of the European Union to the Kyrgyz Republic, noted that saving energy and water allows Kyrgyzstan become more resilient to climate change. She stressed that by investing in energy efficient homes in Kyrgyzstan, the EU is investing the creation of a more affordable, healthier and more comfortable living environment for citizens and notably the most vulnerable segments of the society.

«KYRSEFF II is a rational continuation of the excellent cooperation between EU and Kyrgyzstan already ongoing. In the eyes of the EU, Kyrgyzstan has proven itself a pioneer in many aspects of sustainable energy.

KyrSEFF II will last 5 years and from the EU’s side, we have allocated 9.6 million Euro to it. It is a very tangible reward for companies that have invested in energy efficiency, in low carbon technology and wastewater management. This new facility goes beyond energy efficiency and includes water resource efficiency investments in Kyrgyz homes and businesses», – said Ms. Mia-Fatima Dubois-Boussaid.

Mr. Azamat Ibraimov, the EBRD representative, also highlighted the importance of promoting resource efficiency: “We, the European Bank for Reconstruction and Development, pay great attention to energy efficiency projects. SEFF programs, supported by EBRD, are being implemented not only in Kyrgyzstan but in many other countries, too. Financing the SEFF projects we are witnessing an improvement in the business sector, its increasing resilience as well as the resilience of the region as a whole.”

According to the National Manager of KyrSEFF Program, Ms. Nurzat Abdyrasulova, highlighting successful cases in the mass media in the Kyrgyz Republic does not only raise awareness but also demonstrates that everything is possible and can be done at the local level.

Based on the evaluation criteria, the contest committee has selected 9 winners in the following nominations:

I)For Thematic Loyalty (prize: KGS 21 000 or EUR 250)

Awarded for a systematic and complete media coverage of the theme of resource saving and energy efficiency on television, radio, print, and Internet platforms or social networks (at least 5 materials during each individual competitive stage):

  • • “For thematic loyalty” (radio) – Maral Television and Radio Broadcasting Company

 

  • For thematic loyalty” (television) – NewTV Channel

  • “For thematic loyalty” (online edition) – Sputnik Kyrgyzstan International Information Agency and Radio

 

  • “For thematic loyalty” (print edition) – Expert on Kyrgyzstan Magazine

II) For Mastery and Professionalism (prize: KGS 25 200 or EUR 300)

Awarded to journalists for the best material (radio, television, printed and online material) or a series of materials covering the topic of energy efficiency and resource saving in Kyrgyzstan:

  • “For mastery and professionalism” (radio) – Talaigul Chabdarova, Birinchi Radio. Her representative attended the award ceremony.

  • “For mastery and professionalism” (telecast) – Tekimbaeva Aisuluu and Konurbaeva Nazgul, Capital Media Company

 

  • “For mastery and professionalism” (printed publication) – Nurzhamal Kurmankulova, Aiyl Demi Newspaper

 

  • “For mastery and professionalism” (material on an Internet platform and in social media) – Nurlan Askhatbek uulu

Each of the winners received a diploma and prize money. And we would like to remind that the third round of the contest is in full swing.

For detailed information about the contest, please follow the link: https://goo.gl/X3TqYH (in Russian).

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KyrSEFF Program Supported the Installation of a Wastewater Treatment Facility at a Resort in Belogorka Gorge

KyrSEFF Program Supported the Installation of a Wastewater Treatment Facility at a Resort in Belogorka Gorge

Minimizing negative impacts on the quality of water, soil and air is one of the core tasks of a sustainable business. “Ak-Tilek”, a small resort located in the Sokuluk district, used the opportunities provided by the KyrSEFF program to install a wastewater treatment facility.

The Ak-Tilek resort is located in the picturesque Belogorka gorge on the shores of the Shabai River in the Sokuluk district. It is a popular destination not only among those admiring the beauty of nature, but those interested in improving their health by drinking kumyz (fermented horse milk, traditional refreshing drink of Kyrgyz). Clean air and mountains are also perfect conditions for sportsmen to practice.

Dozens of villages are located downriver from the resort. Their citizens use the river water for daily routines. Therefore the installation of a treatment facility was not only an issue of environmental protection, but also one of safeguarding people’s access to clean drinking water.

At the end of 2017, a modern wastewater treatment facility was installed on the territory of the resort, as well as some energy efficiency measures, with a combined project value of USD 19 000. System capacity is based on 75 people, and it provides sewage treatment meeting the established sanitary norms and regulations, which allow the water to be disposed of into local terrain or used for irrigation.

«“I love my country and cherish its beauty. Three years ago, when we started our business on this territory, we considered the installation of a modern wastewater treatment facility. Indeed, polluting the river whose crystal clear water is used both by us and people living downriver is not only irresponsible but can also be considered as an “environmental sin,” », – says Omor Dzhumanazarov, the owner of Ak-Tilek.

The process of wastewater treatment includes several consecutive stages of mechanical and biological treatment. Sewage is first pumped into a tank for mechanical treatment where insoluble and large particles are grinded.

After that, the wastewater undergoes a biological treatment stage, which is based on the capability of microorganisms to use certain pollutants as a food source. Purified water is then diverted to the ground through a drainage system covering an area of 120 sq. m. If necessary, it can be pumped into a plastic storage tank and can be used for irrigation at a later stage.

The owner of Ak-Tilek noted that the system installation, implemented by the Asia Water Build Company, took only one month.

“Of course we could have installed a lower cost treatment facility, but treatment efficiency would not have been as high as we have now. We did not set a goal for the system to pay off its value, and that is why we selected a company that provides almost 100% assurances. The system treats 94% of the polluted water, the remaining 6% is purified naturally by the drainage system,”- shares Omor Dzhumanazarov.

The resort is actively preparing for the upcoming tourist season. The installation of the wastewater treatment facility is part of this. It meets the requirements of inspection bodies, which is undoubtedly a significant advantage.

«“I feel lucky that I learned about KyrSEFF and its technical and incentive components in one of the local banks. I used the loan funds totaling USD 19 000 not only to install the wastewater facility but also for energy efficient lighting in the building,” – says the entrepreneur.

 

For the successful implementation of the project, Omor Dzhumanazarov is expecting to receive a grant from the European Union totaling USD 2,856. The experts of KyrSEFF calculated that the project implemented by the Ak-Tilek resort will result in water savings of 5,832 m3, energy savings of 29.4 MWt-h, and CO2 emissions reduction equal to 1.3 tons per year.

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KyrSEFF celebrates Europe Day with an interesting experiment

KyrSEFF celebrates Europe Day with an interesting experiment

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For the third year in a row, the KyrSEFF team participated in the EU exhibition ‘Europe Day’ in Bishkek. This year, the team prepared a special surprise for visitors of the exhibition: the possibility to see themselves through the eye of a thermal imaging camera – a device that forms an image showing the distribution of temperature on a surface.

Observing the results, soon participants realized that the thermal image and the color displayed on the “picture” vary significantly between participants. Like people, buildings do not have the same temperature at every point of their envelope. This small lesson KyrSEFF+ gave to people during the Europe Day.

“Thermal imaging is a way to determine the energetic weak points of a building or a room, i.e. zones where significant heat exchange takes place and, consequently, energy losses occur. KyrSEFF+ engineers use this tool to evaluate the results of implemented energy efficiency measures and to demonstrate their benefits” said Nurzat Abdyrasulova, KyrSEFF’s National Manager.

With the help of thermal cameras, KyrSEFF+ specialists can also analyze heat losses in buildings, and quickly evaluate the quality of the materials. With this data, engineers are able to develop a set of measures that will eliminate the identified shortcomings.

In addition, since one of the priorities of KyrSEFF+ is to increase energy and resource efficiency in the housing sector, symbolic gingerbread houses were prepared for the exhibition. Everyone could get a sweet adorned with the logo of the KyrSEFF+ program and the European Union, symbolizing the fruitful cooperation.

KyrSEFF has been highly beneficial for the environment and for the Kyrgyz people: the amount of grant support for individual families and businesses has reached three million US dollars by now (approved for 736 housing and 60 business projects). The implemented measures eventually lead to a reduction of carbon dioxide emissions of 35,500 tons per year and save more than 100,000 MWh/year of electricity.

The European Union’s support to the Kyrgyz Republic constantly improves the standard of living of the Kyrgyz people. It has achieved concrete changes in ​​both energy efficiency and energy saving.

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KyrSEFF Spring Session “How to make an effective business using green technologies?”

KyrSEFF Spring Session “How to make an effective business using green technologies?”

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On April 29, the Kyrgyz Sustainable Energy Financing Facility (KyrSEFF+), a program founded by the European Bank for Reconstruction and Development (EBRD) and the European Union Investment Fund for Central Asia, organized a Spring conference in Osh city, entitled “How to create an effective business using green technologies?”. More than 150 people attended the event. They were representatives of businesses from Osh, Batken and Jalal-Abad oblasts, as well as various local and international organizations. Around 20 newspaper and TV representatives were also present.

The goal of the event was to inform entrepreneurs about modern technologies for resource and energy savings, and about the benefits of the financial mechanisms and incentives provided by the KyrSEFF+ program.

Energy savings is becoming increasingly important all over the world, including in the Kyrgyz Republic. Energy efficient and sustainable development in the housing and businesses sectors is a solution to various issues. In Kyrgyzstan, energy efficiency is particularly relevant as counter measure to electricity shortages, and could contribute to the improvement of the country’s social and economic situation.

Another concern in the Kyrgyz Republic is the conservation of natural water resources: climate change has been affecting the quality of drinking and irrigation water, especially in the southern regions of the country.

In the last 30 years, the volume of glaciers has decreased by 30-35%. This situation puts the country at risk, since glaciers are the main source of water supply for rivers.

An effective way to address this problem is to introduce water saving and water purifying systems in the agricultural, sector, commercial and residential sectors, using green technologies. The KyrSEFF+ program provides technical assistance and all the necessary funds – loans and grants – for such investments, thanks to the support of EBRD and EU IFCA.

Since April 2013, about 800 energy saving projects have been financed by KyrSEFF+, resulting in savings of over 111,000,000 kWh/year and a reduction in harmful emissions of more than 30,000 tons per year.
The program indicators achieved to date demonstrate the growing understanding and interest in modern technologies.

Each successfully implemented KyrSEFF+ project receives a grant provided by the European Union’s Investment Facility for Central Asia (IFCA).
 “The EU Investment Facility for Central Asia provides grants, which are added to successfully implanted investment loans from European financial institutions like the EBRD. KyrSEFF+ is the first project in Kyrgyzstan financed in this way. The project is an excellent example of the harmonious use of various financial instruments to achieve economic and social development through energy conservation and the use of innovative green technologies”, said Johannes Stenbaek Madsen, Head of Cooperation Section of EU Delegation to the Kyrgyz Republic.
“Energy costs play an important role in the development of small and medium-sized businesses. Considering the annual growth of tariffs for energy carriers, entrepreneurs can suffer considerable losses. The KyrSEFF+ program offers profitable investments to domestic businesses for the modernization of energy-intensive equipment and the installation of modern renewable energy systems, which reduce energy costs and protect the environment. The KyrSEFF+ consultants are ready to assist businesses in finding the most suitable solutions. We believe that with joint efforts we can begin to rationally and efficiently use the existing potential for energy and resource saving in the south of our country, ” said Nurzat Abdyrasulova, the KyrSEFF National Manager.

In summary, at the KyrSEFF+ spring sessions, concrete results and actionable energy saving solutions were presented and discussed with businesses and companies/organizations serving the residential sector.

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Investments of KyrSEFF for preservation of the Issyk-Kul lake

Investments of KyrSEFF for preservation of the Issyk-Kul lake

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On April 19, 2017 the Kyrgyz Sustainable Energy Financing Facility (KyrSEFF), in partnership with the European Bank for Reconstruction and Development (EBRD) and the District Administration of Issyk-Kul District, organized a seminar entitled “The implementation of treatment facilities in Issyk-Kul: mechanisms for obtaining financing and technical assistance” in the Cholpon-Ata city (Issyk-Kul Oblast). The event was attended by more than 50 representatives of the tourism sector, companies supplying energy and resource-saving technologies, as well as governmental organizations.

The KyrSEFF+ team organized this interactive platforms for the promotion of partnerships between tourism businesses of the Issyk-Kul region, supplier companies and representatives of boarding houses and resort facilities. The seminar provided knowledge about existing modern technologies for energy savings, where energy and cost savings lead toincreased business efficiency and also preserve the environment.

“The KyrSEFF team offers not only profitable investments to businesses, but also provides technical support in the project development. We will help you find the suitable equipment, the installation of which will reduce economic costs, expand business and improve the quality of services provided to the public. Thus, return on the investment is ensured, ” said Bakyt Askarbekov, KyrSEFF+ financial expert.
Danir Imanaliev, the Head of the Issyk-Kul District State Administration, outlined the existing environmental problems of the biosphere zone, noting that Kyrgyzstan is developing a new technology market every year and there are profitable financial opportunities. As an example, he presented the investments and technical assistance of the KyrSEFF program, developed by the EBRD and supported by the European Union.
“Over the past 3 years, the state has invested about 15 million soms in the installation of modern waste water treatment systems. But the situation is still unresolved. Most private guest houses work without water purification technologies. The equipment of many resorts needs to be updated. And in this case international financial institutions help the Kyrgyz Republic, offering profitable financing to tourism and restaurant businesses of Issyk-Kul,” said Daniyar Imanaliev.
The Issyk-Kul region is home to a large number of business facilities. Over 140 resorts and hotels, about 300 private guest houses. According to the information of the regional center for disease prevention and state sanitary epidemiological surveillance, 38 companies did not meet their requirements in 2016 and they did not receive operating permits.
The resource-saving project of the Ak-Bermet hotel was presented at the meeting. The hotel installed a waste water treatment facility which meets international standards. Akzholtoi Nasiridinov, the general director of the Ak-Bermet hotel, the president of the Issyk-Kul Association of Recreational Institutions, called the current situation for ensuring the safety of the Issyk-Kul lake difficult and requiring immediate action.
“We are responsible to the future generation. We must make every effort to preserve our nature and invest in the installation of green technologies, “- said the entrepreneur.
During the breaks the representatives of KyrSEFF+ conducted individual consultations. Businessmen were interested in the procedures to obtain loans and grants, were consulted on promising projects for the installation of solar systems, solar collectors, equipment for water purification, rain water harvesting and water recycling systems.
This event shows the interest of the private sector in applying new technologies and financial instruments to implement innovative solutions.

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Financial solutions for the introduction of green technologies

Financial solutions for the introduction of green technologies

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On December 15, 2016, more than 50 businessmen operating in various sectors of the economy took part in the seminar “Financial solutions for Kyrgyz companies planning to invest in modern technologies.” During the seminar, two programs were presented by the European Bank for Reconstruction and Development: the Kyrgyz Sustainable Energy Financing Facility KyrSEFF+ and the Trade Facilitation Program (and its new Green TFP marketing initiative). The seminar was held jointly with the Chamber of Commerce and Industry of the Kyrgyz Republic.

In his welcoming speech, Nurlan Musuraliev – Vice President of the Chamber of Commerce and Industry of the Kyrgyz Republic (CCI KR) – elaborated on the reasons to use green technologies for businesses. “In the face of rising energy prices, businesses should be far-sighted and start implementing energy-saving projects. Kyrgyzstan has all the prerequisites for the promotion of renewable energy equipment (RES), the legislative base and effective financial mechanisms. And we – as a body promoting the interests of business – stand for the “green” development of the economy, without hurting the environment”.

At the same time, financial opportunities within the framework of the KyrSEFF+ program were described by N. Musuraliev as the most attractive and providing a quick pay-back due to saving costs on resources. The CCI of the Kyrgyz Republic also participates in the KyrSEFF program. Then, with the investment support of the program in the amount of more than 16 thousand US dollars, energy efficient windows were installed in the Chamber building, in accordance with the quality of KyrSEFF requirements. For the implementation of the project, the Chamber received a grant of 1500 US dollars and today fully profits of the results of the investment.

Moreover, presenting new opportunities of the KyrSEFF+ program, Bakyt Askarbekov, financial expert, said. “With the launch of the second phase, we increased the amount of business investment to USD 2 million, along with the expanded range of financed technologies. KyrSEFF+ team can be contacted for investment assistance by those wishing to modernize old agricultural equipment, water treatment facilities, waste recycling systems, as well as entrepreneurs interested in resource and energy saving”, B. Askarbekov said.

The presentation of KyrSEFF+ triggered many questions from entrepreneurs. Among the participants of the business meeting were some of KyrSEFF+ customers, who modernized the energy intensive equipment and are already benefiting from the implemented measures. These are such companies as Avangard Style, Ayu Grand Comfort, Greenline and others. During the talks, they shared their experience with their peers and talked about the problems they face in the course of importing green technologies related to possible financial risks. And in this issue, was introduced very helpful information about another program of the EBRD – the Trade Promotion Program and its new marketing initiative “Green TFP”, designed to help local banks to offer a financing package to suppliers and consumers of green technologies and services.
“Our new marketing initiative will help to stimulate the development of international trade in green technologies and services. The use of short-term trade finance instruments such as letters of credit and guarantees for the purchase of high-performance technologies under the EBRD’s Trade Facilitation Program, combined with medium – or long-term funding under the KyrSEFF+ program, will help Kyrgyz companies to minimize the risks associated with international trade, obtain better payment terms, as well as optimize costs. Suppliers can get profitable financing to import green technologies and implement them in Kyrgyzstan. With the use of trade fixing tools, they can also become an official supplier of the KyrSEFF+ program. Our local partner banks will be happy to help Kyrgyz companies in structuring and financing foreign trade transactions, “concluded Maria Mogilnaya, the banker of the EBRD’s Trade Facilitation Program.

Representatives of KyrSEFF+ partner banks and the EBRD’s Trade Facilitation Program: Bank of Asia, Bank Bai Tushum, Kompanion Bank and Kyrgyz Investment and Credit Bank (KICB) participated in the seminar, which presented interest rates, the cost of trade finance instruments and procedures to obtain loans under KyrSEFF+.

The workshop ended with networking opportunities in an informal atmosphere. All parties had the opportunity to exchange contacts and agree on meetings for a more detailed discussion on possible cooperation.

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EBRD and the European Union support energy and water efficiency in Kyrgyzstan

EBRD and the European Union support energy and water efficiency in Kyrgyzstan

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The European Bank for Reconstruction and Development (EBRD) launched a new credit line of USD 35 million to stimulate energy conservation and resource efficiency in the Kyrgyz Republic. This investment is an extension of The Kyrgyz Sustainable Energy Financing Facility (KyrSEFF). In addition, donor funding of more than 9.2 million euros is provided by the European Union (EU) Investment Program for Central Asia. The second phase of the program goes beyond energy efficiency, and includes investments in the efficient use of water resources in the housing and business sectors in Kyrgyzstan.

The KyrSEFF program was launched in 2013. Within its framework, significant progress has been made in awareness raising about the various advantages of investments in energy efficiency among representatives of the housing and commercial sectors. By the end of 2016, 600 households, 12 apartment buildings and 60 companies have used KyrSEFF credits and grants of to reduce their energy consumption and, at the same time, obtain more comfortable living conditions.
The total energy savings resulting from the implemented projects is equivalent to the annual energy consumption of 751 families in Kyrgyzstan.

In addition, more than $ 15 million were invested in improving the energy efficiency of commercial and industrial enterprises, resulting in savings of more than 100,000 MWh of energy and a 30,000-ton reduction in carbon dioxide emissions.

The EBRD takes into account Kyrgyzstan’s high vulnerability to climate change. Through the expansion of the KyrSEFF program and the addition of water conservation measures, the EBRD and the EU are adopting a holistic approach in supporting projects for adaptation and enhancing resilience to climate change.
The expanded program will help tourism and hotel sectors in water saving and wastewater treatment. It will also support industrial and commercial companies in integrating energy and water conservation measures, while continuing to provide loans to households, homeowners’ associations and condominiums to maximize energy conservation.

KICB, Bai Tushum and First Microcredit Company are among the first financial institutions that have already joined the new phase of KyrSEFF+. It is expected that in the coming months, other partner banks will join the program.

“Working with financial institutions in Kyrgyzstan to improve the efficiency of energy and natural resource use is one of the priorities of the EBRD. Through our partner organizations, we strive to reach as many enterprises and households as possible that are eager to save energy and / or water resources, reduce costs and improve the quality of life through targeted investments” said Mr. Neil McCain, EBRD Regional Director for Central Asia.

“KyrSEFF II will provide the opportunity to the Kyrgyz Republic to save energy and water resources and increase its resistance to climate change. We are proud to be able to help through the EU-IFCA, which, with the EBRD, has already distributed more than 45 million euros to mobilize major infrastructure projects. We also hope in the future to support the wider use of renewable energy sources, such as small hydroelectric power stations”, said Mr. Jaap Ora, Head of the Political, Press and Information Section of the Delegation of the European Union to Kyrgyzstan.
Green investments of EBRD in more than 1000 projects exceeded 20 billion euros. The reduction in greenhouse gas emissions from these projects is estimated to reach nearly 80 million tons per year, equivalent to the annual emissions of Romania.

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