Russian model of energy-saving to be applied in Armenia

PanARMENIAN.Net - Russian model of energy-saving to be applied in Armenia, Maxim Titov Russia's "Stable energy" project manager told a PanARMENIAN.Net reporter. According to him, both in Russia and in Armenia entrepreneurs underestimate the energy efficiency capacities. "Businesses are mostly concerned with volumes of production, product quality rather than expenses," he said. 



However, according to Mr. Titov, one of the main problems of energy efficiency is the lack of awareness of decision-makers and technical workers.



According to Mr. Titov, the republic can apply such practices, in the light, food and construction industries. Renewable energy is one of the important priorities for Armenia, the expert stressed, adding that in Armenia, the renewable energy sector can become a primary direction. 



Yerevan hosted a seminar on "Energy, resource for sustainable development", organized by the International Finance Corporation (IFC). IFC is organization within the World Bank Group, aimed to promote sustainable private sector investment in developing countries, reduce poverty and improve living conditions. Armenia became a member of IFC in 1995. The organization has initiated investments in Armenia since 2000.