News

Energy efficiency fund devised in new legislation

Published

August 14, 2015

Comments

comments icon

0

Share

Published:

August 14, 2015

Comments:

comments icon

0

Share

The Ministry of Energy and Industry has come up with a draft Law on Energy Efficiency which includes energy conservation guides for all electricity consumers, including public administration, big companies and citizens, Albanian Telegraphic Agency said. For the first time it foresees an efficiency fund.

According to sources from the ministry, the country has vowed to reduce energy consumption by 11% until 2020, making enhancement of energy efficiency priority. New rules will be applied in the public sector and big companies first, preventing excessive consumption ranging from banning household appliances which do not save energy to measures for construction. For old apartment buildings and houses, the ministry will set up an efficiency fund, which will support their reconstruction with up to 50%, the article published by AlbReporter portal said.

The government plans to invest EUR 500 million in energy sector until 2020, on the basis of energy recovery strategy, in a bid to liberalize the energy market and minimize losses in distribution network.

Related Articles

croatia zadar wastewater management water quality

Croatia gets EUR 55 million to rid households of septic tanks on Adriatic coast

23 December 2024 - Croatia received funds for improving wastewater management in the Zadar-Petrčane agglomeration on the Adriatic coast

Greece 50 support businesses batteries

Greece to provide up to 50% support to businesses for batteries

23 December 2024 - The Greek Ministry of Environment and Energy launched the Energy Storage for Businesses program with subsidies for installing batteries

Borislav Kostadinov Green for Growth Fund accelerating expansion GGF EUR 1 billion mark interview

Kostadinov: The Green for Growth Fund is accelerating its expansion after topping EUR 1 billion mark

23 December 2024 - The Green for Growth Fund recently topped EUR 1 billion in AUM and the demand for its offering is steadily picking up, the Director for GGF at Finance in Motion Borislav Kostadinov revealed

DRI OMV Petrom Romania largest physical PPA

DRI, OMV Petrom sign Romania’s largest physical PPA so far

21 December 2024 - The new physical solar power purchase agreement between DRI and OMV Petrom is the largest ever in Romania