Regional facility for renewable energies and energy efficiency in Southeast Europe (regional RE-EE facility) – Assistance to ČAČANSKA BANKA, Serbia
Client: KfW Entwicklungsbank-Germany
Name of partner(s): Frankfurt School of Finance and Management, Germany and Fichtner GmbH, Germany
Start/Completion Date: September 2007 - September 2009
Project description: The objective of the programme was to assure in a sustainable manner that an efficient and ecological energy supply in the region is provided. This contributes to economic and social development as well as to environment protection and sound use of resources in the region. In the first phase of the programme the regional facility was focus almost entirely on Serbia. The programme was composed of a loan facility and a technical assistance facility. The loan facility provided credit lines to selected local bank-Čačanska Banka. KfW and the Čačanska Banka - assisted by the Consultant - agreed in details on transparent criteria for the eligibility of investments under the facility. Only investments that fulfill the eligibility criteria and that are financially viable were financed. KfW concluded respective loan agreements with the selected bank. The lending terms for investors were determined by the Čačanska Bank. Consortium of Frankfurt School of Finance and Management (Germany) and Fichtner (Germany) was awarded with the contract by KfW to implement the programme in Serbia. SEEC is subcontracted by the Consortium to provide technical expertise with regards to energy efficiency and renewable projects as well as assistance to the banks which will disburse the loan. SEEC provided assistance to the Consortium in all foreseen activities within the Program with primary focus on technical expertise and assistance regarding project identification, development, evaluation and selection. This assistance was aimed to final beneficiaries as well as to Čačanska Bank. Within the project, SEEC experts performed several Walk Through audits in industrial facilities and buildings.