Energy Efficiency

Subotica decides not to withdraw part of KfW loan

Subotica

Published

July 14, 2016

Country

Comments

0

Share

Published:

July 14, 2016

Country:

Comments:

0

Share

At the local assembly meeting the City of Subotica approved the proposal by public heating utility JKP Subotička toplana not to withdraw EUR 1.7 million, part of a loan provided by KfW Development Bank, portal Subotica.com reported.

The package worth EUR 4.5 million for the heating plant was agreed on in 2012 with the assistance of the Government of Serbia. The loan was intended for the reconstruction of main hot water pipelines, upgrading substations and the system for measuring and monitoring industrial systems (Scada), and the construction of a cogeneration system within the General Hospital.

Heating plant operator JKP Subotička toplana gave up on the financing package that will be redirected to a unit in Belgrade.

According to the explanation of the city parliament’s decision, Subotička toplana has used the loan in the amount of EUR 2.8 million and it is reconstructing the network. Works on the improvement of substations are included in the refurbishment of 30 out of 94 units. However, the idea to improve Scada and to construct a combined heat and power plant in the hospital proved unprofitable after detailed economic analysis, according to the article.

The special analysis for the generation unit led to the conclusion the investment value is increased by 100% compared to the estimated value, while for Scada system it was found that it would not be compatible with the existing software and hardware. The plant upgraded Scada using its own resources in a more favourable way, both in financial and technical terms, said the members of the assembly of Serbia’s northernmost city.

The consultants have proposed to abolish the project as the investment greatly exceeds the earmarked EUR 725,000, said Dervo Ahmetović, manager at Subotička toplana. In consultation with the Ministry of Finance, the money is not used, and it will be redirected to a heating plant in capital Belgrade, he added.

 

Related Articles

Heating without burning how cities can accelerate the heat transition away from fossil fuels AllisonLeCorre

Heating without burning: how cities can accelerate the heat transition away from fossil fuels

12 April 2024 - Cities have the power to reduce heating emissions on a large scale, through proactive planning and by adopting collective solutions like decarbonized district heating.

Iva Đinđić Ćosić, eng

Iva Đinđić Ćosić: energy transition opens door for greater role of women

22 March 2024 - Iva Đinđić Ćosić is lead contract specialist at Elektromreža Srbije. With a master’s degree in law, she has been working in the energy sector for 18 years

eenergy call application grants to SMEs to increase energy efficiency

Application open for grants to SMEs to increase energy efficiency

06 March 2024 - The EENergy project is funded by the EU’s Single Market Program (SMP) for support to small and medium-sized enterprises

European heat pump sales drop 2023 layoffs

European heat pump sales drop in 2023, resulting in layoffs

29 February 2024 - Heat pump sales tumbled 4.7% last year in 14 countries tracked by the European Heat Pump Association (EHPA)