Energy Efficiency

Serbia’s budget fund for energy efficiency to quadruple to over EUR 4 million in 2019 – minister

Photo: Twitter.com/MiningEnergyRS

Published

November 8, 2018

Country

Comments

0

Share

Published:

November 8, 2018

Country:

Comments:

0

Share

Serbia’s budget fund for improving energy efficiency in 2019 will be worth RSD 500 million (about EUR 4.22 million), which was the fund’s overall value over the past four years, Minister of Mining and Energy Aleksandar Antić said today at the signature of agreements with 14 local governments on budget fund allocations for energy efficiency projects in 2018.

The budget fund was worth RSD 125 million (around EUR 1.06 million) in 2018 and RSD 400 million (some EUR 3.38 million) in the previous three years, and the funding for improving energy efficiency in public buildings is set to swell in 2019, said Antić, according to a statement from the Ministry of Mining and Energy.

“This is an invitation to all of you to prepare for next year, as we will have major tendering procedures. We will be able to cover a large number of municipalities and projects,” said Antić, noting that a return on such investments can be expected within two to three years and that energy efficiency measures implemented in public buildings have produced good results so far, resulting in an average 40% decrease of energy consumption.

Antić also announced that the Energy Efficiency Fund will be formed and have EUR 10 million at its disposal annually, plus EU funding, according to the statement.

Energy efficiency measures have so far been implemented in 39 public buildings in Serbia, soaking RSD 415 million (about EUR 3.5 million) in investment.

14 local governments receive RSD 180 million

The overall value of agreements signed with 14 local governments today is around RSD 180 million (about EUR 1.52 million). The Ministry of Mining and Energy has secured RSD 125 million (some EUR 1.06 million) of the total, with the local governments contributing the rest.

The local governments’ projects, financed from the budget fund for energy efficiency for 2018, were selected as part of a public call that saw 39 local governments apply for funding.

The agreements signed today concern projects implemented by Ljubovija, Gadžin Han, Osečina, Krupanj, Irig, Kraljevo, Kragujevac, Ćuprija, Velika Plana, Svilajnac, Kanjiža, Bela Palanka, Knjaževac and Bosilegrad.

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

Turkey one third world geothermal greenhouses

Turkey accounts for one third of world’s geothermal greenhouses

05 August 2022 - The surface of greenhouses heated with geothermal energy in Turkey grew 400% since 2002, says Mücahit Kıvrak from the Balıkesir University

Serbia target emissions cut 40 3 by 2030 upcoming NECP

Serbia to target emissions cut of 40.3% by 2030 in upcoming NECP

27 July 2022 - Serbia presented the preliminary goals for its integrated national energy and climate plan as it is about to start a public debate

GGF takes green finance graduates on study tour in Berlin

14 July 2022 - GGF's Technical Assistance Facility and the Renewables Academy (RENAC) hosted a study tour in Berlin for the graduates of the Green Finance Expert Course

Green for Growth Fund record expansion 2021

Green for Growth Fund achieves record expansion in 2021

12 July 2022 - GGF recorded its strongest ever net growth in its outstanding portfolio, with EUR 1.3 billion in green loans to over 42,000 end borrowers