KWf to spend 1.5 billion euro on green projects in Serbia

Serbian Deputy Prime Minister and Minister of Mining and Energy, Zorana Mihajlovic has met with Klaus Müller, the new Regional Director of the German Development Bank (KfW) for Southeast Europe and Turkey, and Rudiger Hartmann, Director of KfW in Serbia, regarding the continuation of successful cooperation in the energy sector.

Mihajlovic pointed out that the Ministry has been implementing many projects in the energy sector in partnership with KfW and thanked for the good cooperation and support for a more efficient implementation the green agenda.

“As you know, we have changed the laws in the energy and mining sector. We are preparing a new energy development strategy that will cover the period until 2030 and a vision for the period until 2050. We are also working on developing an integrated climate and energy plan. Plus, we are working towards being much more efficient in implementing the green agenda. We want to be a regional leader when it comes to energy efficiency, energy transition and the green agenda. KfW Bank is our important partner. The total value of realized, ongoing and planned joint projects is almost 1.5 billion EUR,” said Mihajlovic.

She added that a lot of work is being done increasing energy efficiency, especially in households, that the Energy Efficiency Fund has been established, and that special emphasis is being placed on supporting individuals in becoming energy producers through the installation of solar panels.

Klaus Müller expressed his satisfaction during his first visit to Serbia and he stated that for KfW, cooperation with Serbia, especially in the energy sector, is very important.

“It is important that you have changed the laws and that you take initiatives in accordance with the green agenda goals. Investing in energy efficiency and renewable energy sources is extremely important and we are interested in supporting you in that. We plan to set aside EUR 75 million only for public investments. The Energy Efficiency Fund is also very interesting for us, and we want to support you in terms of energy transition and capacity building for energy production from renewable sources, such as the Kostolac wind farm,” said Müller.

(eKapija, 06.09.2021)

This post is also available in: Italiano

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