CVDB, SEED project sign MoU to boost cooperation

AMMAN — The Cities and Villages Development Bank (CVDB) and the Sustainable Energy and Economic Development in Jordan (SEED) Project signed a memorandum of understanding (MoU) on Monday to boost energy-related cooperation.

The MoU was signed by CVDB General Manager, Osama Al Azzam, and SEED Project Manager Mohammad Ramadan in the presence of the Counsellor and Head of Cooperation, Simon Snoxell, from the Canadian Embassy.

Under the MoU, CVDB is to transfer knowledge regarding the delivery of energy efficiency and renewable energy solutions. This collaboration emphasises the role the CVDB plays in achieving the royal vision and aspirations of implementing energy efficiency and renewable energy development projects in municipalities through the CVDB's Municipal Energy Efficiency Programme (MEEP), funded by the European Investment Bank with a budget of 45 million euros.

MEEP aims to enhance energy efficiency and renewable energy practices by benefiting from the expertise and lessons learned of the SEED Project, funded by the Global Affairs Canada, according to a press statement.