Serbia: EBRD to provide 72 million euros loan for waste-to-energy project

, News Serbia Energy

The European Bank for Reconstruction and Development (EBRD) said that it will provide a 72 million euros loan for the construction of a new landfill and accompanying waste-to-energy facility in Serbian capital Belgrade.

The statement from the Bank said that it is providing a 72 million loan for its own account, arranging a syndicated loan of 35 million euros for the account of project participants and mobilizing a 21 million euros concessional finance funded by Taiwan ICDF. The financing will be part of a wider package including International Finance Corporation (IFC) and Oesterreichische Entwicklungsbank (OeEB) with loans of up to 72.25 million and 35 million euros, respectively.

In July, a consortium consisting of French Suez, Japanese Itochu and Luxembourg-based equity fund Marguerite has signed a 25-year contract to provide Serbia’s capital with heat produced from the energy recovery of waste. The contract marks the next phase in the implementation of the public -private partnership (PPP) signed in 2017 between the city of Belgrade and the joint-venture Beo Cista Energija to develop a project of waste-toenergy facility planned to be built at Vinca landfill.

Beo Cista Energija has committed to invest 285 million euros in the development of infrastructure that will process 500,000 tons of municipal waste and 200,000 tons of construction and demolition waste each year. The energy-from-waste facility will produce up to 30 MW of electricity, plus 56 MW of heat purchased by the municipal district heating company, thus reducing its natural gas consumption by 80 % during the winter season. The PPP project also includes the gradual closure of the existing Vinca landfill.