Montenegro Second Energy Efficiency Project (WB-P165509)

  • Montenegro
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
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
Jun 4, 2018
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.
Montenegro Ministry of Health and Ministry of Economy
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 7.39 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.
Project Cost (USD)
$ 9.00 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.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Mar 5, 2018

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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.

The development objective of Second Energy Efficiency Project for Montenegro aims to improve energy efficiency in health sector buildings, and to develop and demonstrate a sustainable financing model. There are 3 components in this project:

1/ Energy Efficiency (EE) investments in health sector buildings in:

  • the state-owned public health sector facilities for energy cost savings and using an energy savings capture model;
  • related technical services as energy audits, designs, technical revisions, works supervision, technical and social monitoring before and after the EE building renovations with energy performance certificates for all retrofitted facilities; and
  • installation of energy consumption monitoring equipment in health sector buildings.

2/ Technical assistance aims to enhance local EE capacity related to:

  • A long-term sustainable EE investment framework
  • The preparation, implementation, and maintenance of EE investment; and
  • Gender-informed communication and awareness raising campaigns.

3/ Project implementation supports by payments for PIU staff and a technical EE expert, the government Technical Service Unit (TSU), the project-related operating, costs, and financial audits.

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

International Bank for Reconstruction and Development (IBRD) US$ 7.39 million 
National Government                                                             US$ 1.61  million

Project Cost                                                                           US$ 9.00 million

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.

1/World Bank
Pedzisayi Makumbe, Kathrin Hofer
Senior Energy Specialist

Name: Dragan Darmanovic
Title: General Director

3/Implementing Agencies

Ministry of Health
Name: Milica Skiljevic
Title: General Director

Ministry of Economy
Name: Marko Radulovic
Title: Director



The World Bank
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Telephone: (202) 473-1000


The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing You can learn more about the Inspection Panel and how to file a complaint at:

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