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TunisiaJordan: The EU Bank supports the implementation of the Municipal Energy Efficiency Programme
The European Investment Bank (EIB) and Cities and Villages Development Bank (CVDB) have signed a Technical Assistance cooperation agreement of €1.4 million grant to support the implementation of the CVDB – Municipal Energy Efficiency Programme. The Programme is an important initiative that seeks to invest in energy efficiency across Jordanian Municipalities.
The Bank’s support to the project comes through a grant under the EIB’s Economic Resilience Initiative (ERI), which is designed to strengthen EU Southern Neighbouring countries’ ability to address key challenges. The Municipal Energy Efficiency Programme is in line with the current EU-Jordan partnership Priorities and Compact, especially the objectives of “a sustainable use and management of natural resources”. The programme 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%.
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Countries covered:
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Jordan
