Tekst sporazuma
SCHEDULE 1 - DESCRIPTION OF THE PROJECT
The Project will finance investments into decommissioning of environmentally harmful fossil fuel-fired boiler houses (using mainly coal or heavy fuel oil) across the Republic of Serbia. These boiler houses are mostly located in the inner-city centres in different public entities and represent significant source of greenhouse gases (“GHG”) and pollutant emission, especially during the winter season.
Investments are prioritised as part of the comprehensive feasibility study, with a focus on sustainable heat sources such as heat pumps, industrial and urban waste heat and biomass. In addition, the Project will also finance connection to district heating (“DH”) network where possible as well as preparation of the project documentation for subsequent phases of the Project.
The beneficiaries will be several public entities at the central and local level in charge of operation of polluting boiler houses (ministries, public companies, academic institutions, etc.) located in highly polluted Local Self Governments (“LSGs”), namely, Belgrade, Nis, Valjevo, Zajecar, Novi Pazar and Smederevo covered by the due diligence carried out by the Bank together with MEP as the Project Entity during appraisal of the Project.
The Sub-Projects were assessed and selected through the comprehensive feasibility study which was prepared for this Project.
The Project is expected to be completed by December 2029.
SCHEDULE 2 - CATEGORIES AND DRAWDOWNS
1. The table attached to this Schedule sets forth the Categories, the amount of the Loan allocated to each Category and the percentage of expenditures to be financed in each Category, and the percentage of expenditures for items to be financed in each Category.
2. Notwithstanding the provisions of paragraph 1 above, no Drawdown shall be made in respect of expenditures incurred prior to the date of the Loan Agreement.
Attachment to Schedule 2
| Category | Amount of the Loan (EUR) | % of Expenditures to be financed |
| (1) Capital expenditures (goods works and services) (including contingency) | 47,000,000 | 100% (excluding VAT and custom duties) |
| (2) Consultancy services (including design, supervision of works and project implementation support) | 2,500,000 | 100% (excluding VAT and custom duties) |
| (3) Front-end Fee | 500,000 | 100% |
| Total | 50,000,000 |