LEEREFF PRESS LAUNCH
BDL Governor’s representative, Mr. Wael Hamdan, inaugurated the press conference with his speech on LEEREFF as valuable support for the Lebanese sustainable energy sector, saying that “since 2010, Banque du liban has played a major role in bridging the gap between the financial sector and the energy sector in Lebanon, by shifting resources from unconventional energy technologies to cleaner energy technologies.”
EIB representative for Lebanon, Mr. Damien Sorrell, said that “EIB, the EU Bank, is glad to finance energy efficiency and renewable energy projects through LEEREFF. This project is the heart of the EIB’s climate change action, one of the Bank’s top priorities, and will allow Small and Medium Enterprises across Lebanon to reduce their energy consumption, thereby contributing to the preservation of the environment and increasing competitiveness through reduced costs.
Deputy Director of AFD Lebanon, Mr. Thierry Liscia, participated by saying that “AFD is convinced that partnerships enhance the leverage effects and maximize the expected impacts”. He added: “We are proud to contribute to the LEEREFF facility alongside EIB and EU to support the Lebanese private sector actors who have the potential to play a key role in accompanying the country on the green energy path”.
Following the introductory presentations by the developers of LEEREF, Mr. Pierre Khoury, General Director and President of the Board of the LCEC (Lebanese Centre for Energy Conversation), explained the important role of LCEC in cooperating with LEEREFF and contributing to the finance facility as Project Implementation Unit (PIU).
LEEREFF’s Project Manager, Mr. Werner Peylo, concluded the session by talking about LEEREFF’s green loans supporting green investments for Lebanese SMEs in different business areas and industries, with a spectacular low 2% interest rate, subsidized by Banque du liban (BDL), and offered by five local banks which he welcomed aboard.
The press conference was concluded by a stage signing between Banque du Liban and the five Lebanese partner banks: Bank Audi, BLC Bank, Byblos Bank, fransabank and Societe Generale de Banque au Liban.