Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Saturday, November 18, 2017

EBRD, KEGOC help Kazakhstan school become energy efficient

School No. 25 in Astana, Kazakhstan, recently received energy efficient upgrades thanks to a $207,162 grant from the European Bank for Reconstruction and Development (EBRD) and the Kazakhstan Electricity Grid Operating Company.

The school, which is in the Kazakh capital and provides bilingual education to nearly 1,000 students, was outfitted with energy-efficient windows, insulation and a more efficient heating system. The ERBD and the operator of the country's national grid teamed up to offset the school’s carbon footprint and reduce CO2 emissions.

“In addition to offsetting carbon emissions, we wanted to demonstrate that investment in energy efficiency is not just good for the environment, but makes good financial sense,” Janet Heckman, EBRD director for Kazakhstan, said. “The school will save a lot of money on its energy bills – not to mention (providing) warmer, more comfortable rooms for deserving young people.” 

The upgrades are expected to save the school approximately $5,169 in annual heating costs.

Organizations in this story

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom

Get notified the next time we write about European Bank for Reconstruction and Development!