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Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Serbia : € 40,000,000
Energy : € 40,000,000
Signature date(s)
29/11/2010 : € 40,000,000
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Summary sheet

Summary sheet

Release date
28 June 2010
Status
Reference
Signed | 29/11/2010
20090527
Project name
Promoter - financial intermediary
EPS Electronic Meters

Elektroprivreda Srbije - EPS
Balkanska 6
11000 Belgrade

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million.
EUR 80 million.
Location
Sector(s)
Description
Objectives

The project involves the development of a remote reading system within EPS by installing digital electricity meters replacing existing electromechanical devices in selected customer premises.

The investment will allow remote reading, disconnection capacity and real time electricity consumption information, automating the billing and invoicing process within Elektroprivreda Srbije (EPS). The project’s implementation will provide more accurate, comprehensive and timely electricity consumption data that will help to reduce the energy consumption and permit the optimisation of power system balance, enhancing the energy efficiency and therefore optimising future investment in transmission and generation.

Environmental aspects
Procurement

If located in the EU, the project would fall under Annex II of the Directive 85/337/EEC (as amended by 97/11/EC and 2003/35/EC) on Environmental Impact Assessment (EIA), leaving it to the national environmental authority to determine whether an EIA is required. Normally, an ElA would not be expected as the project principally involves the substitution of existing obsolete analogue meters, communications networks (hardware/software) and setting up of data collection centres. Any adverse environmental impact is expected to be minimal. The promoter has a dedicated Environment Management Unit in place.

The EIB will require the promoter to ensure that contracts financed by the Bank will be tendered with parallel publication of tender notices in the OJEU as and where appropriate.

Link to source
Summary sheet
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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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