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The Government of the Republic of Serbia

In the service of citizens

EBRD important partner in Serbia’s energy transition

Belgrade/London, 26 February 2024

Minister of Mining and Energy Dubravka Djedovic Handanovic signed today in London, in the presence of Prime Minister Ana Brnabic, two documents with the European Bank for Reconstruction and Development (EBRD) on support for investments in the field of renewable energy sources in Serbia.

Djedovic Handanovic signed the Agreement on grants worth €3 million within the project "Renewable energy sources in district heating systems in Serbia", which the Ministry is implementing in cooperation with the EBRD and cities and municipalities throughout Serbia, as part of the Western Balkans Investment Summit, at the EBRD headquarters in London.

The Minister pointed out that the total value of the project is €40.5 million, of which €10.5 million are grants, and that it plans to introduce RES in the district heating sector in ten local governments in Serbia using, among other things, solar collectors, heat pumps and geothermal sources.

By implementing the projects we are planning with the EBRD, we would double the production of thermal energy from RES, with a significant reduction in carbon dioxide emissions, the Minister emphasised.

Djedovic Handanovic stated that the Letter of Intent was signed today between the Ministry and the EBRD, which ensured the support of that international financial institution in the second round of auctions for the allocation of market premiums for renewable energy sources, which will be implemented in the second half of this year.