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Tuesday 22.08.2017 | Name days: Rudīte, Everts
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Latvia allots extra funds to housing insulation

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On Tuesday, September 18, the Latvian government approved additional funding of 15 million lats ($28.3m) to housing insulation, according to the Ministry of Economy.

“More and more people realize that energy efficiency is a part of everyday life and a chance to cut daily spending. We can boost our well-being via both earning money and saving it. Insulated buildings can save as much as 60% of thermal energy, but the average totals some 30-40%. This means not only far less spending, but also less damage to the environment and lower energy imports,” says Economy Minister Daniels Pavluts.

The additional funding will allow to insulate hundreds of apartment homes throughout Latvia, he adds.

The ninth round of the applications ends on September 30, but the tenth will start off on October 1.

As of September 12, the Latvian Investment and Development Agency had received a total 1 087 requests for co-financing.

The biggest number of applications for housing insulation has been received from the Latvian region of Kurzeme (298) and Vidzeme (257).

208 applications come from Riga region and 179 from Zemgale region. 97 requests for co-funding have been received from the city of Riga. The Latvian region of Latgale has been the least active (48 applications).

The most active cities are Liepaja (150), Valmiera (105) and Ventspils (74).

As of June, 2012, 121 apartment buildings across Latvia were fully insulated. The European Regional Development Fund co-financed more than 5 million lats ($9.4m).

Ref: 102.105.105.2529


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