{"id":59784,"date":"2020-10-07T19:26:50","date_gmt":"2020-10-07T17:26:50","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=59784"},"modified":"2020-10-07T19:26:50","modified_gmt":"2020-10-07T17:26:50","slug":"eib-extends-eur-1-4m-to-back-jordans-energy-efficiency-projects","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/eib-extends-eur-1-4m-to-back-jordans-energy-efficiency-projects\/","title":{"rendered":"EIB extends EUR 1.4m to back Jordan&#8217;s energy efficiency projects"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">The <a href=\"https:\/\/www.csregypt.com\/en\/eib-to-extend-e250-m-loan-to-back-borealis-plastics-cirularity\/\">European Investment Bank (EIB)<\/a> and Cities and Villages Development Bank (CVDB) have signed a Technical Assistance cooperation agreement of EUR 1.4 million grant to support the implementation of the CVDB &#8211; Municipal Energy Efficiency Program.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The program is an important initiative that seeks to invest in energy efficiency across Jordanian Municipalities.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The advisory services are complementary to the EUR 45 million EIB loan provided to the CVDB in October last year. The services will include conducting needed technical studies, development of the pipeline of sub-projects of the program and supporting its management.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The project\u2019s pipeline will include sub-projects that improve municipal services buildings and lighting infrastructure throughout Jordan, the refurbishment and energy efficiency upgrade of public buildings and the installation of solar panel facilities on buildings, solar farms and public lighting investments.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The bank\u2019s support to the project comes through a grant under the EIB\u2019s Economic Resilience Initiative (ERI), which is designed to strengthen EU Southern Neighboring countries\u2019 ability to address key challenges.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The Municipal Energy Efficiency Program is in line with the current EU-Jordan partnership Priorities and Compact, especially the objectives of \u201ca sustainable use and management of natural resources\u201d.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The program will contribute to the objective of developing energy efficiency and renewable energy investments to attain reduction of energy use by 20%, and improve contribution of renewables in electricity generation to 15%.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><a href=\"https:\/\/www.eib.org\/attachments\/documents\/cv_dario_scannapieco_en.pdf\">Dario Scannapieco, Vice President of the Bank<\/a> commented on the signature: \u201cEIB, the Bank of the European Unions is a longstanding partner to Jordan. We are happy to complement our financing to the Municipal Energy Efficiency Program with advisory services to facilitate and support our Jordanian partners in the successful implementation of the program.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The EU\u2019s Ambassador to Jordan, H.E. Maria Hadjitheodosiou, welcomed the continued cooperation between the EIB and the Cities and Villages Development Bank. She highlighted that the advisory services that will be provided via this cooperation agreement are fully aligned with and reinforce the EU\u2019s partnership agreement with Jordan.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">sama Al-Azzam the DG of CVDB added that this grant will provide consultancy and Technical support services that will contribute to the implementation of the project in accordance with best practices and for the interest of Jordanian municipalities in order to reduce the electric energy bill and reduce the financial burdens on the municipalities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Investment Bank (EIB) and Cities and Villages Development Bank (CVDB) have signed a Technical Assistance cooperation agreement of EUR 1.4 million grant to support the implementation of the CVDB &#8211; Municipal Energy Efficiency Program. The program is an important initiative that seeks to invest in energy efficiency across Jordanian Municipalities. The advisory services [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":59787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[6556,6458],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EIB extends EUR 1.4m to back Jordan&#039;s energy efficiency projects - Csr Egypt<\/title>\n<meta name=\"description\" content=\"EIB and CVDB signed a Technical Assistance cooperation agreement of EUR 1.4 million grant to support the CVDB Energy Efficiency Program.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/eib-extends-eur-1-4m-to-back-jordans-energy-efficiency-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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