As
a contribution to accelerating the green transition of the Western Balkans, the
Italian fund Cassa Depositi e Prestiti (CDP) will provide a EUR 100 million
financial program for the Joint Stock Company Elektrorpivreda Srbije. The aim
of this program is to support the decarbonization and security of the
electricity sector of Serbia.
This
program will provide opportunities for the implementation of strategies and
programs for a faster transition towards increasing the share of renewable
energy sources and towards sustainable operation. In accordance with the development
plans, EPS will be committed to significantly increasing the electricity
generation from renewable sources (especially wind and solar), as well as the
decarbonization of the portfolio by 2050 and the adoption of inclusion and
gender equality policies. All activities support the strategic and decisive
liberalization of the energy sector in Serbia through development in the
renewable energy sector. It will also be a significant contribution to meeting
a set of sustainability criteria and global efforts to mitigate climate change,
in line with the United Nations 2030 Sustainable Development Goals.
This
cooperation was announced during the second Italy-Serbia Business Forum,
organized by the Ministry of Foreign Affairs and International Cooperation of
Italy with ICE agency, and in February this year the first CDP office outside
the European Union was officially opened in Belgrade.
