14 Sep '11, 6am

DTN Singapore: New scheme for energy efficient buildings: SINGAPORE: A new financing scheme has been launched to...

DTN Singapore: New scheme for energy efficient buildings: SINGAPORE: A new financing scheme has been launched to...

SINGAPORE: A new financing scheme has been launched to help owners retrofit old buildings to make it more energy efficient. Announcing this at the opening of the International Green Building Conference at Suntec City, Minister of State for National Development Brigadier-General (NS) Tan Chuan Jin said the "Building Retrofit Energy Efficiency Financing Scheme" will start on a pilot basis from the first of October 1. He said Singapore's exisiting buildings make up more than 95 per cent of the total building stock and Singapore can reduce its carbon footprint by making old buildings more energy efficient. For the new scheme, the Building Construction Authority (BCA) will partner two financial institutions - Standard Chartered Bank and United Overseas Bank. BCA will also be sharing the risk of any loan default with the financial institutions. BG Tan said the scheme is to help ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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