The European Bank for Reconstruction and Development has launched a $20 million credit line to provide loans through local banks in Kyrgyzstan for energy efficiency projects in households and businesses over the next four years. The loans can range from a few hundred dollars to $1 million and will be complemented by $3.8 million in donor funding for technical assistance and grants. The goal is to support investments in equipment and insulation that reduce energy use.

2. The European Bank for Reconstruction and Development has
launched a $ 20 million credit line supporting energy
efficiency improvements in households and private
enterprises in Kyrgyzstan.
Credits are complemented by donor funding provided by the
EU Central Asia Investment Facility (IFCA). The total donor
funding made available for technical assistance and grants
offered together with the KyrSEFF credit line amounts to 3.8
million euros.
Over the next four years, loans under the new Kyrgyz
Sustainable Energy Financing Facility (KyrSEFF) will be
provided through partner banks. KyrSEFF credits are now
available through Demirbank and KICB, with additional
partners expected to join in the next few months. Loans
under this credit line may be as little as a few hundred
dollars but may reach a maximum of US$ 1 million
depending on the borrower and the investment type.

3. “Working with the Kyrgyz banks on energy efficiency
projects is a high priority for the EBRD. We hope that
through our partner banks we can reach many Kyrgyz
businesses and households that wish to invest in
energy efficient equipment or insulation. ”, said Mike
Taylor, EBRD Director for Financial Institutions, Central
Asia, Caucasus and Mongolia. For private
households, home improvements financed under the
new credit line could include the installation of energy
efficient windows, the insulation of walls, roofs and
floors, and the introduction of efficient
boilers, biomass-fuelled room heaters, solar water
systems or heat pumps.
Any home owner, resident’s association, energy service
company, developer or facility management company
will be entitled to receive a grant.