Energy Efficiency

EBRD supports leading Slovenian street light company’s projects

Photo: JRL

Published

November 24, 2016

Country

Comments

0

Share

Published:

November 24, 2016

Country:

Comments:

0

Share

Slovenian street lighting and energy services company Javna razsvetljava d.d. (JRL) has received an approval from the major creditor for its projects in the nine cities across the country. The European Bank for Reconstruction and Development (EBRD) reported that Javna razsvetljava’s projects have passed concept review.

The EBRD has been looking into plans of the leading street lighting company in this European Union country to invest in the energy efficient projects, which could defer return of investments and profits. The bank has decided to support JRL in restructuring of its balance sheet, providing a loan worth EUR 5.5 million. The proceedings from the EBRD’s loan would be used to refinance other short-term loans related to the works in  nine cities in Slovenia.

This will enable the company to undertake new projects and expand the market for street lighting with municipalities through new energy performance contracts, according to the EBRD’s project summary.

The transaction is linked to the Framework for Street Lighting in Central and South East Europe aimed at promoting markets for private companies, which then can find new contracts based on green investments and green solutions. The loan is currently pending structure review, and target board date is set at January 25, 2017.

JRL is responsible for the maintenance of traffic light systems throughout Slovenia, and public lighting in capital and several other cities. The Ljubljana-based company, wholly owned by Enlux d.d., also provides lighting in the majority of tunnels in the Alpine country, and has done some business in the neighbouring Croatia. It uses modern technologies, such as LED lights and other solutions that have helped save over EUR 3 million in electricity bills, nearly 30 millions of kilowatt-hours (KWh), and reduced carbon-dioxide emissions by 3 million tonnes in the last three years, according to the company.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Milos Mladenovic, SEEPEX

D&G ideas as a response to the challenges of the energy transition or how we came to love Baudrillard

13 June 2024 - We discussed the European electricity market post-energy crisis, delving into its causes, as well as future trends in the energy market and global economy development, with SEEPEX director, Miloš Mladenović

European Sustainable Energy Awards 2024 reward clean energy champions

European Sustainable Energy Awards 2024 reward clean energy champions

12 June 2024 - Three outstanding individuals and projects have won the 2024 European Sustainable Energy Awards for their innovation and achievements in the field of energy efficiency and renewables

Full decarbonization of production is Elixir Group's strategic goal for 2030

Full decarbonization of production is Elixir Group’s strategic goal for 2030

10 June 2024 - At the production location in Prahovo, which is the center of Elixir's chemical production, four new greenfield plants with a completely new industrial infrastructure will be built by 2027, which are investments worth around 300 million euros

European Union adopts new Ecodesign Directive

European Union adopts Ecodesign for Sustainable Products Regulation

31 May 2024 - The European Union has replaced the Ecodesign Directive with a regulation covering almost all types of products, to improve sustainability