Support for operation of the Administration for Financing and Promoting Energy Efficiency

Overview
Project Summary Document

TCRS 18073

Status TC Com approved

Location

Serbia

Business Sector

Energy

Notice Type

Public

PSD Disclosed

05 Dec 2025

Project Description

EBRD is seeking to contribute to the ongoing efforts of Egyptian financial authorities on the reform of their insurance sector. In late May 2024, the Egyptian House of Representatives approved the unified insurance law. The project aims to provide assistance and advisory to Egypt’s Financial Regulatory Authority (FRA) on the design and implementation of a new insurance sector regime based on risk-based solvency regulation and supervision (RBS).

Enquiries

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

TCRS 18073

Status TC Com approved

Location

Serbia

Business Sector

Energy

Notice Type

Public

PSD Disclosed

05 Dec 2025

Project Description

The Republic of Serbia (RS) has committed to aligning with the European Green Deal’s key elements by signing the Sofia Declaration on the Green Agenda for the Western Balkans (Sofia Declaration) in 2020. The Declaration, inter alia, acknowledges the need to transform the economies in the region towards climate neutrality and align with international commitments enshrined in the Paris Agreement, the Energy Community Treaty, and the European Green Deal. Given the many challenges arising from the urgency of radically transforming Serbia’s energy sector, energy efficiency has emerged as a priority for the Government of Serbia (GoS), which reflects similar trends in the EU which are summarised in the principle “Energy Efficiency First”.

To that end, the RS adopted the new Law on Energy Efficiency and Rational Use of Energy (LEERUE)1 in April 2021. Among many novel provisions, the LEERUE stipulates the establishment of the Administration for Financing and Promoting Energy Efficiency (EEA), and regulates its operation. Factually the EEA started its operation at the beginning of 2022 as an administrative body within the Ministry of Mining and Energy (MoME) but as a separate legal entity. Recognising the need for prompting investments in the energy-demand side, of which the building stock comprises the largest share, the Government endorsed the programming of the technical assistance under the EU IPA III Annual Action Programme for 2021, to accelerate the capacity building of the recently established EEA, which is envisaged to implement most of the energy efficiency funding provided by the GoS. Besides, the GoS welcomed the assistance of IFIs, such as EBRD and WB in facilitating the large-scale building renovation wave in Serbia.

The role of Project Manager is to support the implementation of the Agreement “Support for operation of the Administration for Financing and Promoting Energy Efficiency” - (hereinafter “Action”). Beneficiary of the Action is Serbian Ministry of Mining and Energy (hereinafter “MoME”). The donor of the Action is the European Union. The implementing organization is the EBRD.

The overall objective of this Action is to support the decarbonisation of the Serbian economy through improvement of energy efficiency and promoting efficient use of energy sources. This Action intends to address in particular the poor conditions and low energy performance of the building sector in Serbia and in turn promote compliance with the EU acquis and international obligations and support the country meet its environmental, GHG emission reduction and energy commitments.

The specific objective of the Action is to build and strengthen capacities of the Administration for Financing and Promoting Energy Efficiency for management of the EU funds and to develop, implement and promote support schemes for energy efficiency investments at higher scale with specific focus on building renovation.

A Project Manager will be responsible for the overall implementation and coordination of the Action on behalf of the EBRD, including oversight of an Implementation Consultants (IC) team that will be procured during the implementation of the Action.

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.

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Support for operation of the Administration for Financing and Promoting Energy Efficiency

Project Description

Enquiries

Business opportunities

General enquiries

Project Description

General enquiries

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)