| Financier | Commitments |
|---|---|
| Local Govts. (Prov., District, City) of Borrowing Country | 45.00 |
| International Bank for Reconstruction and Development | 50.00 |
| Local Beneficiaries | 50.00 |
Scaling-Up Residential Clean Energy (SURCE) Project
Abstract*
The project aims to increase the uptake of clean energy and energy efficiency investments in the residential sector in Serbia, with a focus on lower-income households. Increased investments in clean energy and energy efficiency will contribute to reducing the energy and carbon intensity of the residential sector, improving air quality in urban settings, and increasing heating comfort levels of lower-income households.
The project will be structured... Show More
Development Objective
Increase the uptake of energy efficiency, sustainable heating, and rooftop solar photovoltaics (PV) by households in participating local self-government units (LSGUs) in Serbia.
Key Details
Project Details
P176770
Active
Ferhat Esen , Bahodir Amonov
The Republic of Serbia
Serbia
October 13, 2021
(as of board presentation)
March 23, 2022
December 21, 2022
US$ 145.00 million
Ministry of Mining and Energy
2022
US$ 50.00 million
N/A
March 18, 2024
November 30, 2027
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 50.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 50.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 145.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Dec 15, 2023 | IBRD-93460 | Int Charges | 59,429.12 |
| Jun 15, 2023 | IBRD-93460 | Int Charges | 1,761.13 |
| Jul 25, 2023 | IBRD-93460 | Loan Disb | 2,209,100.00 |
| Jun 15, 2023 | IBRD-93460 | Int Charges | 50,221.87 |
| Dec 21, 2022 | IBRD-93460 | Fee Charges | 119,052.35 |
| Mar 23, 2022 | IBRD-93460 | Loan Commitment | 50,000,000.00 |
| Jun 20, 2024 | IBRD-93460 | Loan Disb | 3,196,891.20 |
| Jun 15, 2024 | IBRD-93460 | Int Charges | 96,509.80 |
| Jun 15, 2024 | IBRD-93460 | Int Charges | 54,638.85 |
| Feb 14, 2024 | IBRD-93460 | Loan Disb | 3,115,278.00 |
| Dec 15, 2023 | IBRD-93460 | Int Charges | 39,508.87 |
| Dec 21, 2022 | IBRD-93460 | Loan Disb | 119,052.35 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Satisfactory | 2024-10-31 |
| Project Management | Satisfactory | 2024-10-31 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-10-31 |
| Progress towards achievement of PDO | Satisfactory | 2024-10-31 |
| Financial Management | Satisfactory | 2024-10-31 |
| Monitoring and Evaluation | Satisfactory | 2024-10-31 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Projected energy or fuel savings Value 0.00 0.00 20000000000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Projected energy or fuel savings Value 0.00 0.00 20000000000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Generation capacity of energy constructed or rehabilitated Value 0.00 0.00 4.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Generation capacity of energy constructed or rehabilitated Value 0.00 0.00 4.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Number of households that have implemented energy efficiency and sustainable heating investments Value 0.00 0.00 25000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Number of households that have implemented energy efficiency and sustainable heating investments Value 0.00 0.00 25000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Number of households benefiting from MoME’s social inclusion top-up grants Value 0.00 0.00 2500.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Number of households benefiting from MoME’s social inclusion top-up grants Value 0.00 0.00 2500.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Number of households switching away from traditional solid fuel heating solutions Value 0.00 0.00 3000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Number of households switching away from traditional solid fuel heating solutions Value 0.00 0.00 3000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Renewable energy generation capacity (other than hydropower) constructed under the project Value 0.00 0.00 4.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Renewable energy generation capacity (other than hydropower) constructed under the project Value 0.00 0.00 4.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Share of program beneficiaries that report being satisfied with the thermal comfort levels of their house Value 0.00 0.00 75.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Share of program beneficiaries that report being satisfied with the thermal comfort levels of their house Value 0.00 0.00 75.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Share of beneficiaries reporting satisfaction with consultation process under the program Value 0.00 0.00 75.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Share of beneficiaries reporting satisfaction with consultation process under the program Value 0.00 0.00 75.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Net greenhouse gas (GHG) emissions Value 0.00 0.00 150000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Net greenhouse gas (GHG) emissions Value 0.00 0.00 150000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Share of Serbian municipalities participating in the program Value 40.00 80.00 80.00 Date January 1, 2022 February 29, 2024 November 30, 2027 Comment Share of Serbian municipalities participating in the program Value 40.00 80.00 80.00 Date January 1, 2022 February 29, 2024 November 30, 2027 Comment Private sector capital mobilized through household contributions (including own funds and commercial loans) Value 0.00 0.00 50000000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Private sector capital mobilized through household contributions (including own funds and commercial loans) Value 0.00 0.00 50000000.00 Date January 1, 2023 February 29, 2024 November 30, 2027 Comment Number of capacity building workshops provided Value 0.00 0.00 20.00 Date January 1, 2022 February 29, 2024 November 30, 2027 Comment Number of capacity building workshops provided Value 0.00 0.00 20.00 Date January 1, 2022 February 29, 2024 November 30, 2027 Comment Share of female home-owning beneficiaries of the clean energy and energy efficiency grants program Value 35.00 35.00 41.00 Date December 31, 2021 February 29, 2024 November 30, 2027 Comment Share of female home-owning beneficiaries of the clean energy and energy efficiency grants program Value 35.00 35.00 41.00 Date December 31, 2021 February 29, 2024 November 30, 2027 Comment