International Energy Expert Myroslav Buryy said that the Armenian Sustainable Energy Financing Facility (ArmSEFF), which started its activity half a year ago, studies the possibility of financing 12 Armenian companies operating in various sectors of economy.

“Energy audit was conducted at six enterprises, during which free of charge technical assistance was provided. Besides, preliminary analysis is carried out in the rest companies,” Buryy told a PanARMENIAN.Net reporter.

According to him, there are great opportunities for energy saving in the food industry, field of services, processing industry, small hydro power plants, biogas projects and private hospitals.

Anelik Bank is the first Armenian bank, with which the European Bank for Reconstruction and Development (EBRD) has launched the Armenian Sustainable Energy Financing Facility (ArmSEFF) to help Armenia develop competitive private businesses.

$3mln was allocated to the bank for on-lending the energy saving field. $20mln will be allocated within ArmSEFF, while $5mln will be provided for the renewable energy sector.

Buryy added that another 2-3 Armenian banks will become partners of ArmSEFF in 2011.