Turkish and French development agencies sign finance agreement

Asia Pulse

June 24, 2011, Ankara

French Development Agency and Turkey’s Small and Medium Industry Development Organization (KOSGEB) signed « French Global Environment Facility Finance Agreement » in Ankara on Thursday.

The agreement targets to encourage the energy productivity of small & medium sized enterprises.

French Global Environment Fund grants 1.5 million euro while KOSGEB contributes with 1.3 million euro in the three-year project that aims to support development of an energy productivity market for small and medium sized enterprises.

Within the scope of the project, initiatives will be launched to boost institutional capacity of KOSGEB as well as increase the level of information and consciousness.

KOSGEB Chairman Mustafa Kaplan said that Turkey imported 70 per cent of its energy, adding that 30 per cent was consumed by residences and 39 per cent by industry sector.

Kaplan noted that increasing the energy productivity had positive impacts on employment because of its contributions in economy, energy security and reducing the affects of climate change.

 

See the related article in KOSGEB’s webpage : KOBİ’lerde Enerji Verimliliğinin Desteklenmesine Yönelik Finansman Anlaşması İmzalandı