European Investment Bank and Piraeus Bank on Monday announced an initiative aimed to reduce energy costs for companies in Greece by 100 million euros through new energy-efficiency investments in the country, ANA reports.
Under the scheme, dedicated financing for new investment to reduce energy consumption by small-scale energy users will be provided across the country. Technical and financial expertise gained from energy efficiency investment programmes elsewhere will be utilized to strengthen new projects in Greece. This operation is the first initiative in Greece under the Private Finance for Energy Efficiency programme and represents the largest engagement in any European country so far.
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