Energy Efficiency Money for Georgia's MSEs

THE European Bank for Reconstruction and Development (EBRD) is providing $6 million to micro and small enterprises (MSE) in Georgia to promote energy efficiency and renewable energy.

The funds are being made available through Credo, Georgia’s largest non-bank microfinance institution with a strong presence in rural areas and an extensive coverage across Georgia.

Energy efficiency and the development of renewable energy sources are important in Georgia, where the consumption of energy as measured against GDP, is 3.5 times higher than the European Union average, and where imports account for 80 percent of energy consumption.

Picture of Tbilisi by Vladimer Shioshvili (Flickr: Tbilisi sunset) [CC-BY-SA-2.0], via Wikimedia Commons

Wednesday 6th November 2013

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