Sitemap

EBRD supports energy efficiency investments in Šabac

Ministry Of Mining And Energy And USAID Forge Energy Partnership

The Ministry of Mining and Energy (MoME)...

Donation Agreement Signed For The Fourth Section Of Trans-Balkan Corridor

The Minister of Mining and Energy Dubravka...

Serbia Celebrates The Chinese New Year

With the warm wishes of Chinese Ambassador...

Serbia’s Foreign Trade Increased By 31.1%

Last year Serbia's foreign trade goods exchange amounted to 66.6 billion euros and was 31.1 per cent higher than...

Hipkins Sworn In As New Zealand PM, Pledges Focus On Economy

Chris Hipkins was sworn in Wednesday as New Zealand’s 41st prime minister, following the unexpected resignation last week of Jacinda Ardern. Hipkins,...

Djokovic’s Historic Australian Open Win Extends ‘Big Titles’ Lead

Novak Djokovic claimed a record-tying 22nd Grand Slam title on Sunday when he won the Australian Open, extending his...

Celebration Of Republic Day Of India

The Embassy of India India in Belgrade celebrated the 74th Republic Day of India on 26 January 2023 to commemorate the coming into...

Spectatular Mileston In First Boeing 767 Conversion In Europe Marked At Ceremony In JAT Tehnika

Avia Prime Group, one of the leading organizations for aircraft maintenance in Europe, consisting of three eminent companies including...

Bank provides €2.5 million loan to upgrade residential buildings

• EBRD boosts investments in energy efficiency in Serbia
• Šabac to upgrade residential buildings
• Project to serve as a pilot for other Serbian cities

Citizens of the Serbian city of Šabac will benefit from an EBRD financed investment to improve the energy efficiency of residential buildings. Šabac is located in western Serbia on the right bank of the river Sava in the fertile Mačva region and has a population of over 50,000.

The EBRD is providing a €2.5 million loan for an upgrade of up to 40 multi-storey residential buildings leading to lower energy consumption, reduced costs and lower CO2 levels in the city.

The refurbishment will include thermo-insulation as well as the installation of modern devices that can regulate heat and calculate consumption and heating costs. 40 buildings have been selected based on interest expressed by tenants in a survey conducted by housing associations in 2018, with priority given to buildings with higher consumption and larger heating areas.

The project will be implemented by Šabac’s district heating company, a public utility company fully-owned by the city of Šabac.

Zsuzsanna Hargitai, EBRD Regional Head for Western Balkans, said: “We are delighted to support the initiative and financing model of the Šabac district heating company for energy efficiency in housing blocks and we look forward to replicating this model and supporting similar initiatives across Serbia.”

The residential sector is one of the biggest consumers of energy in Serbia, where the average energy consumption is up to three times higher than in developed European countries. Old building stock constructed between the 1950s and 1980s with insufficient or no thermal insulation generates high energy losses. Estimates show that energy efficiency could be improved by up to 70 per cent.

The city of Šabac is one of the pioneers in energy efficiency measures in the residential buildings sector in Serbia. In addition to Šabac, the EBRD is also working with the authorities of Vojvodina, an autonomous region in northern Serbia, where it seeks to support energy efficiency investments in 80 public buildings such as schools, kindergartens, and administrative buildings.

Support for energy efficiency projects is a core part of the EBRD’s mandate and the Bank is scaling up its support in green projects in Serbia.

The EBRD is a leading institutional investor in Serbia where it has invested more than €5 billion across 238 projects in the country to date. The EBRD supports private sector development and the transformation towards a green economy and invests in infrastructure to boost connectivity in the Western Balkans region.

Related Articles

EBRD Lends €21.4 Million To Serbia’s Metalfer For Greener Steel Production

The European Bank for Reconstruction and Development (EBRD) has provided a loan of €21.4 million to Metalfer Still Mill d.o.o., Serbia’s leading manufacturer of concrete...

EBRD And Donors Support Small Businesses In Serbia

The European Bank for Reconstruction and Development (EBRD) and donors are stepping up their support for small and medium-sized enterprises (SMEs) in Serbia by extending new...

Matteo Colangeli, EBRD Director For The Western Balkans

The Crisis Will Take Its Toll

Mounting inflationary pressures are weighing in on the disposable income and input costs of businesses, while financing conditions are tightening as central banks around...

New EBRD €30 Million Credit Line To Procredit Bank In Serbia

The European Bank for Reconstruction and Development (EBRD) is boosting small and medium-sized businesses (SMEs) in Serbia with a €30 million loan to ProCredit...

US And Global Banks Unveil Multi-billion Dollar Plan To Address Worldwide Food Crisis

The U.S., several global development banks and other groups unveiled a multi-billion dollar plan Wednesday meant to address a worldwide food security crisis exacerbated...

North Macedonia’s Pilot Green Financing Facility To Receive Funding From Joint SDG Fund

Selected from a global pool of submissions coming from over 100 countries, North Macedonia’s joint programme for establishing a Green Financing Facility (GFF) was among a...

EBRD Supports Steel Industry Decarbonisation In Slovenia

The European Bank for Reconstruction and Development (EBRD) is participating in Slovenian Steel Group’s (SIJ Group) €230 million long term debt facility, with €25...

EBRD And EU Finance Energy Efficiency Improvements In Belgrade

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are backing Belgrade, the capital city of Serbia, with a €16 million...