€1.9 million grant for street lighting in Yerevan

The European Bank for Reconstruction and Development (EBRD), the Ministry of Finance of Armenia and the Municipality of Yerevan city have signed an agreement to allocate a co-financing grant of €1.9 million to support the modernisation of street lighting in the city of Yerevan.

The grant is provided by the E5P fund (Eastern Europe Energy Efficiency and Environment Partnership) which is managed by the EBRD and pools donor contributions from the European Union and a number of donor countries including Armenia.

In May 2015, the loan to modernise Yerevan’s street lighting system by introducing new energy-efficient technologies that will benefit the city’s residents. The grant will now help to make the lighting more efficient and environmentally friendly.

The current street lighting network of Yerevan consists of old, inefficient and environmentally polluting mercury-based lights. The heavy-metal based content of the current lighting system contributes to energy waste and is a considerable environmental hazard. Due to the antiquated condition of the current system and the high percentage of lights that are not working, large parts of the city are not sufficiently illuminated.

The project will help to introduce new energy-efficient LED lighting, a control and monitoring system, pole replacement and renovation as well as power cable replacement. This will result in better service quality and improved environmental standards due to reduced energy consumption and the minimisation of operating and maintenance costs.

Better-lit streets will also be safer for pedestrians and motorists alike. The new LED lighting is expected to cut the cost of energy consumption by 64 per cent and will result in annual electricity cost savings for the municipality.

Mark Davis, Head of the EBRD’s Yerevan office, said: “We are very grateful to our donors, especially to the European Union and Sweden, as well as the government of Armenia and the municipality for such a successful cooperation. The grant is a very important contribution by the E5P fund. It will complement the EBRD’s initial financing and ensure the successful continuation and completion of the project. This is the first project for E5P in Armenia that sets a standard and an example which we hope to implement again in future projects in solid waste management or energy efficiency with the help of E5P grants.”