EBRD to continue support of Serbia’s energy market reforms

NEWS 01.10.201917:04

The European Bank for Reconstruction and Development (EBRD) will continue with its support of the reforms in Serbia’s energy market and to promote the development of the investment conditions for the use of renewable energy sources, the Bank’s Executive Director for South-Eastern Europe and Western Balkans, Charlotte Ruhe said on Monday, the Beta news agency reported.

Ruhe and Serbia’s Mining and Energy Minister Aleksandar Antic agreed that Serbia topped the list of the renewable energy sources’ users in the region in the last two years, Antic’s office said in a statement.

“It is important for the EBRD to support Serbia to modernise and improve the energy sector. Besides the renewable sources from hydro potential and, above all, the projects for using the wind energy, in which Serbia has significant results, there are also the projects for rehabilitation and improvement of the transmission systems and the implementation of the smart network which is being developed by EPS and EMS,” the statement added.

It said the meeting was told that following the talks with the European Commission (EC) and the German KfW bank Serbia got a chance to use IPA 2021 donations for the projects in the adjustment of public buildings and improving the energy efficiency.