Early Warning System

Countries

Serbia

Geographic location 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

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jul 15, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Meter&Control doo Belgrade

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Industry and Trade

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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 5.92 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 5.1
Converted using 2025-07-15 exchange rate.

Project Cost (USD)

$ 10.56 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 22, 2025

Disclosed by Bank Jul 16, 2025

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of a senior secured loan of EUR9.1 million to finance the Company's capital expenditure and working capital needs. EUR3 million of the Loan proceeds will be co-financed by ENEF II (under the EU's Western Balkan Investment Framework) on a pari-passu basis and EUR1 million will be financed by the Global Environment Facility ("GEF"). The Company intends to expand its operations by setting up a new production facility and purchase additional equipment which will result in an increase of production capacity, automated production, improvements in energy and resource efficiency as well as enhanced quality controls.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised B (ESP 2019). Environmental and social (E&S) risks are predominantly site specific and can be readily addressed through appropriate mitigation measures.

The ESDD has not identified complex health and safety risks related to construction or operations.

An Environmental and Social Action Plan (ESAP) to be agreed with the Company, addresses construction related risks, contractor management, operational health and safety and waste management. There are churches within the vicinity of the project site and the ESAP commits the Company to assess risks related to noise, dust and vibrations from increased vehicle traffic and develop appropriate mitigations. The Company is also required to inform local stakeholders of upcoming works and how to access the community grievance mechanism.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Senior secured loan of EUR 9.1m to finance the Company's capital expenditure and working capital needs. EUR 3.0m of the Loan proceeds will be co-financed by ENEF II (under the EU's Western Balkan Investment Framework) on a pari-passu basis and EUR 1.0m will be financed by the Global Environment Facility ("GEF").

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Meter&Control d.o.o. is a Serbian company specialised in design and production of smart energy metering systems and data integration and software development.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Meter&Control d.o.o.	Client	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

COMPANY CONTACT INFORMATION

Aleksandra Sakotic
office@meterandcontrol.com
https://www.meterandcontrol.com/

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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