| Project Detail |
Location:
Serbia
Project number:
55263
Business sector:
Municipal and environmental infrastructure
Notice type:
State
Environmental category:
B
Approval date:
11 Dec 2024
Status:
Exploratory
English-language PSD published:
08 Oct 2024
Project Description
Provision of a sovereign loan of up to €50 million to the Republic of Serbia ("RoS"), represented by the Ministry of Finance ("MoF"). The Project will be implemented by the Ministry of Environmental Protection of Serbia ("MEP") and the beneficiaries will be various public entities located across Serbia.
The financing will be used for the decommissioning of environmentally harmful boiler houses in up to 10 local self governments ("LSGs") in Serbia as well as investments into sustainable heat sources (including heat pumps, solar thermal, biomass and photovoltaics (PV) panels) (hereinafter the "Project").
The EBRD loan will also facilitate connection to district heating network where possible, energy rehabilitation of the building envelope and installation of thermostatic valves in order to decrease the demand for energy, and preparation of the project documentation for subsequent phases of the Project.
Project Objectives
Significant reduction of CO2 emissions across Serbia (Climate Change Mitigation);
Reduction of the share of imported energy sources (Security of Supply);
Reduction of the total energy costs for public users (Affordability);
Decarbonisation of the buildings sector in Serbia and improvement of the sustainability and overall comfort level of public buildings across the country. |
