EBRD and ENEF II support Serbian smart energy metering company
Serbia, Sept. 9 -- The European Bank for Reconstruction and Development (EBRD) and Enterprise Expansion Fund II (ENEF II), under the European Union's Western Balkans Investment Framework (WBIF), are supporting Meter & Control, a Serbian company specialised in design and production of smart energy metering systems and software development.Out of a total funding of €9.1 million, €3 million will be provided by ENEF II, while the EBRD's portion of €6.1million includes a concessional finance tranche provided by the GEF special fund in an amount of €1 million, reflecting the project's strong green financials. The loan proceeds, which are 100 per cent aligned with the EBRD's Green Economy Transition (GET) principles, will b...
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