Serbia lent €10m to boost energy efficiency

Serbia has been granted a loan of up to €10 million (£8m) to help boost energy efficiency and renewable energy projects in the country. Komercijalna Banka will use the cash […]

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By Priyanka Shrestha

Serbia has been granted a loan of up to €10 million (£8m) to help boost energy efficiency and renewable energy projects in the country.

Komercijalna Banka will use the cash for on-lending to private and municipal borrowers to install energy-saving and green technologies in commercial and municipal buildings.

Matteo Patrone, European Investment Bank for Reconstruction and Development (EBRD) Director for Serbia said: “This is an important step towards raising awareness of the benefits of energy conservation, one of the focus areas for the EBRD’s work in Serbia.”

The bank has so far invested more than €3.8 billion (£3bn) in over 180 projects in Serbia.