To date, 130 projects have been submitted for financing under the BEERECL; of them 107 have already been financed; receiving loans worth more than € 73 million and worth a total project value of over € 116 million (see values below). These projects will generate annually more than 466,000 MWh of electricity and more than 615,000 MWh heat energy, 57,989 MWh electricity savings and more than 624,529 GJ of heat energy savings and over 492,864 tonnes of carbon emissions reductions. So far, sixty five project sponsors have received Incentive Payments totaling more than twelve million EUR (EUR 12,399,000), provided by EBRD from the KIDSF. The amounts have been directly wired to the borrowers' accounts. For more details check the Projects Statistics table. • Last update: May 09, 2008 BEERECL Breaking news More grant funds for EBRD-sponsored energy efficiency projects in Bulgaria Investment incentives doubled for industrial energy efficiency projects To read the press release access http://www.ebrd.com/new/pressrel/2007/010807a.htm