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EBRD grants 2.35 mln euro to boost Serbia's energy efficiency

Jul 10, 2024, 1:03:48 PMArticle by Valentina Bajic
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July 10 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it has signed a 2.35 million euro ($2.54 million) grant agreement with Serbia's mining and energy ministry to support the country's energy efficiency administration (EEA).

EBRD grants 2.35 mln euro to boost Serbia's energy efficiency
Source: EBRD

The agreement was signed under a European Union-funded project "Support for the operation of the administration for Financing and Promoting Energy Efficiency in Serbia," the EBRD said in a statement on Tuesday.

The donation aims to back the initial phase of a broader initiative to build up EEA's capacity to implement energy-efficiency funding from Serbia’s government.

"The project's key objective is to build and strengthen the EEA's capacity to develop, implement and promote support mechanisms for energy-efficiency investments on a large scale, with a particular focus on the renovation of buildings," the EBRD said.

So far, more than 30,000 households have received subsidies while 165 buildings of public importance have been renovated with the support of the EEA, Serbia's mining and energy minister Dubravka Djedovic Handanovic said during the signing ceremony.

($ = 0.925 euro)

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