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Regional facility for renewable energies and energy efficiency in Southeast Europe (regional RE-EE facility)–Assistance to VOLKSBANK SERBIA, Serbia

Client: KfW Entwicklungsbank-Germany
Name of partner(s): Frankfurt School of Finance and Management, Germany and Fichtner GmbH, Germany
Start/Completion Date: July 2009 - July 2010
Project description: The Energy Efficiency Programme for financial institutions in the Western Balkan has been set up by KfW in the framework of the German government's International Climate Protection Initiative (ICPI). It is under the auspices of the German Ministry of Environment. Within this Programme, Volksbank Serbia has received a KfW credit line (EUR 10 million) in order to finance SMEs' and private households' investments in energy efficiency measures.The objective of the programme was to assure in a sustainable manner that an efficient and ecological energy supply in the region is provided, in order to contribute to economic and social development as well as to environment protection and sound use of resources in the region. 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 and to support Volksbank Serbia in realization of the programme. S.E.E.C. LTD. is subcontracted by the Consortium to provide technical expertise with regards to energy efficiency and renewable projects as well as assistance to the Volksbank Serbia which will disburse the loan for investments in energy efficiency and renewable energy sources utilization. S.E.E.C. LTD. was providing assistance to the Consortium in all foreseen activities within the Program with primary focus on technical expertise and assistance regarding the setting of eligibility criteria, projects/clients identification, training of CB staff on EE, performing short energy audits, evaluation and selection of projects, proposing list of EE measures, ... Consultant (mostly S.E.E.C. LTD. as local consultant) also performed all calculations of energy savings and avoided CO2 by implementation of each project. This assistance was aimed to final beneficiaries as well as to Volksbank Serbia.

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