The EBRD has approved a financing package of €300 million to help support Serbia’s electricity sector.

The funds will be channelled to national electricity utility Elektropriveda Srbije (EPS) to improve its liquidity position.

The project will support the government’s strategy to:

• decarbonise the electricity sector,
• phase out coal by 2050,
• develop the regulatory framework for the launch of renewable energy auctions and incentivise their roll-out,
• and ensure both energy security and sustainability of supply.