Energy Projects in Serbia – Opportunities for German Companies 28. May 2013 Dr. Jürgen Welschof Director KfW Office Belgrade
2 German Financial Cooperation: KfW Energy Portfolio in Serbia (2000 – 2013, under implementation and preparation) GENERATIONTRANSMISSIONCONSUMPTION Electricity Generation (EPS): 482 m EUR District Heating Programmes (32 District Heating Companies): 40 m EUR DKTI Biomass Programme: 102 m EUR Biomass Plant Subotica: 20 m EUR Electricity Transmission (EMS): 100 m EUR District Heating Programmes: 33 m EUR District Heating Programmes: 22 m EUR Energy Efficiency Programme for Public Buildings – 20 Schools: 15 m EUR Energy Efficiency Credit Lines for SME and Private Housholds: 128 m EUR Energy Efficiency Credit Lines for Municipalities: 30 m EUR
3 German Companies: High Shares in Supplies EPS projects › German Supplies: 45 % › Serbian Supplies: 22,5 % › Other Countries of origin: 32,5 % District Heating Programmes › German Supplies: 34 % › Serbian Supplies: 47 % › Other Countries of origin: 19 %... … and German Consultants only!
4 ENERGY EFFICIENCY CREDIT LINES Project Facts › Investments in EE/RE projects in retail and SME › Technical assistance, energy audits and incentives for final users › Criteria: 20% improvement in EE and/or 20% reduction of CO2 › Projects up to EUR 1 million, i.e. max. EUR 5 million for RE › Grant-funded TA for banks Results › Innovative EE/RE loan product in the financial sector › KfW, together with GGF, only IFI active in EE retail sector › Improved overall EE of the economy
5 ENERGY EFFICIENCY CREDIT LINES State of Implementation › EUR 128 million committed / 70% disbursed › Implemented through 7 banks and 1 leasing company Challenges › Potential not fully used due to sub-optimal framework conditions Outlook › Increased price of electricity? › Implementation of new feed-in tariffs fore renewable projects › Enforcement of the new Law on Rational Use of Energy › New credit lines!