EBRD loan to help transition to clean heating

It said that the loan of up to €50 million will be used to decommission environmentally harmful boiler houses in six municipalities and enable investments in sustainable heat sources. “The loan is being provided to Serbia’s Ministry of Finance and will be disbursed by the Ministry of Environmental Protection to public entities across the country,” it added.

The loan will facilitate connections to district heating networks where feasible, energy-efficiency retrofitting of buildings and the installation of thermostatic valves to reduce energy demand with investments enabling significant reductions in emissions of CO2 and other harmful air pollutantsas well as cutting down Serbia’s reliance on imported energy sources, reduce overall energy costs and drive decarbonisation of the building sector, while improving the sustainability and comfort of public buildings.

The investment was developed as part of the EBRD’s Renewable District Energy in the Western Balkans technical assistance programme financed by the Austrian government with financial support from the Swedish International Development Cooperation Agency.