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28. May 2013 Dr. Jürgen Welschof Director KfW Office Belgrade. Energy Projects in Serbia – Opportunities for German Companies. German Financial Cooperation: KfW Energy Portfolio in Serbia (2000 – 2013, under implementation and preparation). German Companies: High Shares in Supplies.
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28. May 2013 Dr. Jürgen Welschof Director KfW Office Belgrade Energy Projects in Serbia – Opportunities for German Companies
German Financial Cooperation: KfW Energy Portfolio in Serbia (2000 – 2013, under implementation and preparation)
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!
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
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!