IFC's support to save energy

KATHMANDU:

International Finance Corporation (IFC), a member of the World Bank Group, is working with Clean Energy Development Bank (CEDB) to assist Gokarna Forest Resort implement energy and water saving measures and adopt a clean, green growth path.

Advised by IFC, Gokarna Forest Resort implemented a range of environment-led initiatives, including an integrated thermal system, energy-efficient lighting, and improved water management practices, says a statement issued by IFC today. “The 700-acre resort’s successful use of key industry best practices reduced energy costs by 34 per cent, and resulted in annual savings of $75,000 (approximately Rs 7.41 million),” says the statement.

Reaffirming IFC’s commitment to promoting clean energy financing and advisory services, IFC Country Manager Kyle F Kelhofer said: “Projects such as Gokarna can help Nepal realise its true potential in energy efficiency.”

Source: THT