Mobiasbanca - Groupe Société Générale will support Balti municipality in implementing an energy saving project in order to optimize its expenditure and to meet the commitment for energy efficiency measures. The project covers the replacement of existing light corps, implementation of an IT monitoring system, and system maintenance for five consecutive years, IPN reports, quoting a press release from the company.
On January 24, Mobiasbanca signed the financing contract with the municipal company IM DCC Comanditar Unic, which was selected to administrate the streetlights system in Balti and to manage the successful implementation of the renovation works.
Ridha Tekaia, president of Mobiasbanca – Groupe Société Générale, said that this is the first project of its kind in Moldova and Mobiasbanca is proud to be the partner bank, offering the necessary financing and counseling throughout its implementation. By implementing this project, Balti municipality will comply with the commitments undertaken when signing the Covenant of Mayors on July 19, 2011, which is the mainstream European movement involving local and regional authorities.
Covenant signatories aim to meet and exceed the European Union 20% CO2 reduction
objective by 2020.
