Support for Competitive Procurement of Renewables in Serbia (EBRD-10571)

Countries
  • Serbia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 9, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Serbia
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 30, 2021

Disclosed by Bank Apr 9, 2020


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Project Description

In the transition to a competitive procurement scheme for renewable energy, the Serbian Ministry of Mining and Energy (the main beneficiary) has requested the assistance of the European Bank for Reconstruction and Development ("EBRD" or "the Bank") in further developing the necessary framework for, and for the implementation of, competitive RE auctions. The request of the Serbian authorities builds on the Bank's previous assistance over the past years in their strategy to support RE. This assistance has included technical cooperation aimed at the development of the Power Purchasing Agreement (PPA) in 2016, as well as policy dialogue focused on the enhancement of its bankability.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project contacts not available at the time of disclosure.

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.