Avan Building Construction Costs Reduced by Around 60% Due to Thermal Insulation

Avan Building Construction Costs Reduced by Around 60% Due to Thermal Insulation

EcoLur

Among measures aimed at increasing energy efficiency, the consumption of power at the multi-apartment building in Avan district of Yerevan has reduced by 60%, 74 kWh/m2 from 178 kWh/m2, which enabled ensuring cheaper hearing for the resident (around 287/m2 per month under the conditions of 100% thermal convenience). Saving per building annually accounts for around 6 million AMD (with current gas and electricity rates).
The works have been carried out in the frames of “Improving Energy Efficiency in Buildings” implemented by UNDP/Yerevan Municipality.

The project aims to reduce consumption of electrical and thermal energy, building energy efficiency in typical residential buildings. 

Currently negotiations are being run to make the practice of energy efficiency continuous taking into consideration the reduction of electricity costs in such buildings, as well as the need for energy safety in the country. Main obstacles are accessible financial resources and the willingness of the building residents to make collective decisions.

“Currently the commercial banks in Armenia grant funds for thermal insulation of individual apartments in Armenia. Nevertheless, the effectiveness of energy efficiency measures depends on the measures taken in the building, as a whole. The return of the funds invested in energy efficiency is not short-term, so low interest rates are needed for the implementation of such projects, as well as additional incentive mechanisms, which is hardly feasible for commercial banks…” said UNDP Climate Change Program Coordinator Diana Harutyunyan.

The main aim of the thermal insulation of the buildings is the reduction of electrical and thermal energy consumption, thus decreasing the emission of greenhouse gases.

 

The “EcoLur” Informational NGO is organizing series of events aimed at public involvement  and awareness raising targeted to the future climate change policy directions and development of Intended Nationally Determined Contributions (INDC) of the Republic of Armenia under UN Climate Change Framework Convention (UNFCCC).

The material is prepared by 'EcoLur' Informational NGO under UNDP Climate Change Program, within the framework of ARM-002/2015 Contract. The views expressed in this publication are those of the author(s) and do not necessarily represent those of the United Nations, including UNDP, or the UN Member States.

18:09 April 09, 2015


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