State provides guarantees for credits worth EUR 60 million – National Assembly adopts laws on KfW loans to EPS and EMS
Serbia will guarantee for the loan of EUR 45 million provided by KfW to EPS, meant for modernizing the ash disposal system of the Nikola Tesla A thermal power plant (TE Nikola Tesla A), and the money for the repayment of the loan will be secured from EPS' own revenues. The loan agreement was signed by EPS and KfW in late February 2017, and the granting of state guarantees for the loan has been planned by Serbia's 2017 budget.
The project of modernizing the ash disposal system in TE Nikola Tesla A aims to reconstruct the ash and slag collection, transport and disposal system in the biggest thermal power plant in Serbia, as well as to enhance environmental protection. EPS will be repaying the KfW loan over a period of 12 years, including the five-year grace period, and the final installment for the principal amount is due in 2028, at the fixed annual interest rate of 0.8%.
Regulations for granting guarantees to KfW for a EUR 15 million loan meant for EMS were also adopted. The loan will be used for energy efficiency in the transport system, will be repaid at the fixed annual interest rate of 0.8% over a period of 12 years, including the grace period of three years. The final installment for the principal amount is due on June 30, 2029.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
23.04.2024. | Construction, Transport
Tender for first section of Belgrade-Nis fast railroad from Velika Plana to Paracin announced
23.04.2024. | Construction, Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
22.04.2024. | Industry, Transport
Serbia to develop project of “flying taxis” for EXPO with Airbus – Signing of memorandum announced
22.04.2024. | Industry, Transport