BEIRUT, Feb. 2 (Xinhua) -- The UN Industrial Development Organization (UNIDO) announced on Wednesday that it has secured 3.7 million euros (4.19 million U.S. dollars) from the European Union to finance renewable energy projects in Lebanon, the National News Agency (NNA) reported.
During his meeting with Lebanese Industry Minister George Bouchikian, UNIDO Representative in Lebanon Emmanuel Kalenzi said the new donation will boost the use of renewable energy in industrial projects in Lebanon, according to NNA.
For his part, Bouchikian praised the European initiative through UNIDO, as "it is very necessary and important to rely on alternative energy sources other than oil, which saves costs and reduces emissions and pollution."
The minister also emphasized the need to establish new industrial projects to ensure the development and modernization of the sector.
