The Sub-Committee of the Scaling up Renewable Energy Program for Low Income Countries (SREP) under the Climate Investment Funds (CIFs) endorsed the Investment Plan of Armenia (IP) and approved provision of concessional funding to expand renewable energy generation and usage in the country in June, 2014. The IP includes three projects: a) geothermal power; b) solar PV; c) heat pump and solar collectors. Each of the project is subject to approval by the same Sub-Committee after preparation.