Sabac Buildings Energy Efficiency (EBRD-51004)

Countries
  • Serbia
Where the impacts of the investment may be experienced.
Specific Location
City of Sabac
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Bank Risk Rating
B
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.
Borrower
TOPLANA SABAC JKP
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.82 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 2.5
Converted using 2019-04-09 exchange rate.
Loan Amount (USD)
$ 2.82 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 2.82 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 2.5
Converted using 2019-04-09 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 5, 2019

Disclosed by Bank Apr 9, 2019


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Project Description

According to EBRD website, the project aims to implement energy efficiency measures in up to 40 residential multi-store buildings, including insulation measures and introduction of thermostatic valves, heat allocators, and consumption-based billing system. As residential buildings account for a significant portion of the heating demand, the Project will address a key contributor to the emissions and energy consumption in the City. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
  • Toplana Sabac JKP -- Implementing Company

Sabac District Heating Company, the sole provider of the district heating in the City.

Contact Information

Slobodan Jerotic
Email Address: slobodan.jerotic@sabac.org 
+38163494791
https://toplanasabac.rs/
Djure Jaksica 1, 15000 Sabac

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.