Artane Rizvanolli, Driton Hetemi, Sergiy Maslichenko and Hekuran Murati (photo: Ministry of Economy)
Kosovo* has secured a EUR 50 million loan for energy efficiency measures in public buildings. The project, the largest ever for energy efficiency in Kosovo*, is worth EUR 86 million.
The EUR 50 million loan provided by the European Bank For Reconstruction and Development (EBRD) would be on-lent to the Kosovo Energy Efficiency Fund (KEEF).
It would use it for energy efficiency measures in up to 400 public buildings including administrative, education and healthcare facilities at central and municipal levels, and publicly-owned enterprises, according to the project.
The endeavor will be co-funded with EUR 12.6 million from the Government of Kosovo*, a EUR 7 million grant from the European Union through the Regional Energy Efficiency Programme (REEP) for the Western Balkans, and EUR 3 million from the Danish Fund for Kosovo.
The rest will be provided through technical cooperation funds, according to the EBRD.
The project would bring average energy savings of 30% to 50%
The measures include adding thermal insulation, upgrading or replacing various systems (heating, lighting and electrical), replacing doors and windows, and applying any other necessary structural and comfort measures.
It is expected that the project would bring average energy savings of 30% to 50%, EBRD said.
The project would also improve the energy performance of the renovated buildings by at least two Energy Performance Certificate classes, and comfort in the renovated buildings.
Maslichenko: Improving the energy efficiency of buildings stands as a vital priority in the Western Balkans and the EU
According to Sergiy Maslichenko, EBRD Head of Kosovo, improving the energy efficiency of buildings is a vital regional priority in the Western Balkans and across the European Union, reflecting collective commitment to sustainability.
Minister of Economy Artane Rizvanolli said she is delighted that the project would not only help Kosovo* improve the energy efficiency and quality of 400 buildings, but also update and improve its database on the condition of the entire public building stock in Kosovo.
“The largest-ever energy efficiency program will start this year,” she added.
The signing of the loan agreement was also attended by Minister of Finance Hekuran Murati and KEEF’s manager Driton Hetemi.
* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
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