📋 Tender Overview
Location: Montenegro
Project number: 54660
Business sector: Municipal and environmental infrastructure
Notice type: State
Environmental category: B
EBRD Finance Summary: EUR 20,000,000.00
Total Project Cost: EUR 24,100,000.00
Project Description
The provision of a sovereign loan in the amount of up to €20 million to the Government of Montenegro, to finance implementation of energy efficiency measures in 24 public educational buildings located in 10 cities across Montenegro (the "Project"). The buildings include 18 elementary schools, 3 secondary schools, 2 kindergartens and one high education school.
Project Objectives
Improvement of the energy performance of the selected public educational buildings and enhancement of thermal comfort, better health and well-being for over 19,000 users via improvement of heating, cooling and ventilation systems and thermal insulation of the buildings envelope. Contribution to the reduction of GHG emissions and energy consumption, yielding electricity and heating savings.
Transition Impact
ETI score: 60
ETI score: 60
The expected transition impact of the Project stems primarily from the Green transition quality under the Bank's Green Economy Transition approach as 100% of the use of proceeds will contribute to energy efficiency improvements of public buildings, resulting in significant reduction of CO2 emissions. The Project is expected to enable energy savings estimated at 22,319 MWh per year, or 53% compared to the baseline. Total greenhouse gas ("GHG") savings are estimated at 4,273 tCO2 per year, or 52%.
