EBRD mulls support for energy efficiency, renewables investments in Kosovo

The European Bank for Reconstruction and Development (EBRD) said on Wednesday it may provide up to 12 million euro ($15.4 million) to support private small and medium enterprises (SME) and residential sector sub-borrowers in undertaking energy efficiency and renewable energy investments in Kosovo.

“The Framework is the first of this kind in Kosovo and will demonstrate the benefits of rational energy utilisation for SME and residential sector in light of the rising energy costs in the country and of energy efficiency and renewable energy loans, as well as contribute to building relevant expertise at partner financial institutions,” the EBRD said in a statement on its website.

It will comprise of senior loans to participating financial institutions in Kosovo and will promote energy efficiency and use of renewable energy resources.

The facility will be supported by a grant from the European Union through 2008 Kosovo IPA Programme which will fund technical assistance and incentives to end-borrowers.

($=0.7817 euro)

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