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Mihajlovic with the President of the EBRD: Serbia to be a leader in energy transition and green energy

Mihajlovic with the President of the EBRD: Serbia to be a leader in energy transition and green energy

Deputy Prime Minister and Minister of Mining and Energy Prof. Zorana Mihajlovic talked today with the President of the European Bank for Reconstruction and Development (EBRD) Odil Rene-Baso, who is on a virtual visit to Serbia, and on that occasion signed a Memorandum of Understanding between the Ministry and EBRD, which aims to provide a framework for cooperation with the aim of improving air quality, promoting the use of renewable energy sources for the production and distribution of thermal energy in Serbia and increasing energy efficiency.

Mihajlovic pointed out that the Ministry has defined several strategic pillars - the legislative framework, the new investment plan in energy and the reform of the operations of public companies.

"We have prepared four laws, as a basis for creating a better business environment and new investments in energy and mining. In addition to the law on energy, we will have a completely new law on renewable energy sources, we will form the Directorate for Energy Efficiency through the law in this area and, especially important, due to numerous potentials and possibilities - the law on mining. There is a lot of room for continuing successful cooperation with EBRD, especially if we are talking about the construction of medium and large hydropower plants, about renewable energy sources - solar panels, biomass, wind farms. "Energy transition and green energy are our priority," she said.

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Mihajlovic informed the President of the EBRD that the National Plan for Energy and Climate is being drafted, and that the Ministry will start drafting the Energy Development Strategy, with the projected strategic goals for the next 20 years.

EBRD President, Odil Rene-Baso, congratulated Deputy Prime Minister on the results achieved in a short period and pointed out that this international financial institution is there to support further activities of the Ministry.

"We believe in energy transition and green energy, happy for everything you have done so far and we are looking forward to further the cooperation. Renewable energy sources and clean energy are also our key strategic goals.

You have made tremendous progress in a short time. The new laws will lead directly to new investments and we are here to support you. "Serbia is an example of good practice and is taking a leading position in renewable energy sources, we can learn from you," she said. The meeting was attended, among others, by the EBRD Vice President, EBRD Regional Director for Central and South-Eastern Europe and Regional Director for the Western Balkans.