Balkan Green Enegy News
June 21, 2017
Summary
Serbia will receive funds from the German development bank KfW and the Swiss government to convert 10 heating plants from fossil fuels to biomass. The five agreements on the loans and grants was signed by Serbian Minister of Mining and Energy Aleksandar Antić and German and Swiss representatives.
The project is worth a total of EUR 27 million, which apart from the loan includes a EUR 2 million grant from the KfW while the government of Switzerland will secure a grant of EUR 5 million.
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