Serbia receives funding to start using biomass in its district heating plants
Serbia will receive funds from the German development bank KfW and the Swiss government to convert 10 heating plants from fossil fuels to biomass. The five agreements on the loans and grants was signed by Serbian Minister of Mining and Energy Aleksandar Antić and German and Swiss representatives. The project is worth a total of […]
EUR 32 million loan to Montenegro to complete smart metering project
EUR 32 million loan to Montenegro was approved by London based European Bank for Reconstruction and Development (EBRD) to finalize the introduction of smart metering system in the country. The loan will be used by Montenegrin electricity distribution company Crnogorski elektrodistributivni system (CEDIS) for the purchase of 60,000 smart electricity meters. Once the smart metering […]
EUR 25 million loan for upgrading Sarajevo water supply network
The reconstruction of the water supply network in Sarajevo, the capital of Bosnia and Herzegovina, is financed with a EUR 25 million sovereign loan provided to the Sarajevo Canton Water and Wastewater Company by European Bank for Reconstruction and Development (EBRD). The loan agreement was signed today on the final day of the EBRD 2017 Annual […]
GGF funds energy efficiency measures in Turkey with EUR 15 million
The Green for Growth Fund (GGF) has agreed to lend EUR 15 million to Turkey’s Garanti Leasing to foster investments in energy efficiency and renewable energy equipment by Turkish micro, small, and medium enterprises (MSMEs). Energy efficiency measures financed with the GGF loan are expected to achieve annual primary energy savings of approximately 61.000 MWh […]
New round of EIB loans for improving energy efficiency in Bucharest
Two projects for refurbishing the multi-family residential buildings in the Romanian capital of Bucharest received financial boost from the European Investment Bank. The European Investment Bank (EIB) said it is lending EUR 15.3 million to finance the second phase of the thermal rehabilitation programme covering multi-family housing in the Bucharest’s Sector 6 municipality. This is […]
EBRD supports leading Slovenian street light company’s projects
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 […]
EBRD announces tender for Belgrade’s Sava Lake clean-up
The European Bank for Reconstruction and Development (EBRD) opened a tender for a project to clean the Sava Lake bed and build a raw water pipeline in Belgrade, Serbia. The EBRD has offered a loan worth EUR 8.5 million for the first tranche of the Belgrade Water project to cover the cost of the primary […]
Terna Energy expects EBRD’s loan for green energy projects
A project summary document released by the European Bank for Reconstruction and Development (EBRD) targets a board decision on July 20 for the approval of a senior secured loan of up to EUR 50 million to Terna Energy SA. The package for a project with a total cost of EUR 60 million is considered to […]