OREANDA-NEWS. January 24, 2011. At cabinet meeting, the Government approved the sales of 1,6 million AAUs to Sumitomo Corporation.

Under a Green Investment Scheme the proceeds will be invested into energy efficiency improvement of local and central government buildings, which will lead to reduced energy consumption and consequent CO2 emissions reduction. In addition, the investments will improve the buildings’ internal climate and have a positive impact on the working environments and job creation in the construction sector.

The planned investments altogether involve 106 real estate objects, of which 66 are in education, 24 in culture and 16 in social services sectors.

The Ministry of Finance together with the State Real Estate Company will be responsible for the implementation of the Green Investment Scheme.