EPS Restructuring | Accountability Console
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EPS Restructuring

Sectors

Energy

Description:

Projects in this Sector: 222

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Extractives (oil, gas, mining)

Description:

Projects in this Sector: 89

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Issues Raised

Community health and safety

Description:

Projects with this Issue Raised: 336

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Consultation and disclosure

Description:

Projects with this Issue Raised: 495

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Displacement (physical and/or economic)

Description:

Projects with this Issue Raised: 440

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Due diligence

Description:

Projects with this Issue Raised: 456

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Environmental

Description:

Projects with this Issue Raised: 366

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Livelihoods

Description:

Projects with this Issue Raised: 319

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Project Information

Investment ID: 47318

Bank: European Bank for Reconstruction and Development

Environmental Category: B

Country: Serbia

Region: Europe and Central Asia

Approval Date: None

Investment Types: Loans

Total Project Cost: No recorded data on this

Total Complaints: 3

Description

EBRD investment will be conditioned upon an agreed plan for a comprehensive program of reforms of the Company and of the sector which will have a significant impact on the development, management and operational efficiency of the power infrastructure in Serbia. The loan proceeds will be used to restructure and refinance expensive short to medium-term financial debt which EPS has entered into on an emergency basis with commercial banks in order to alleviate the deteriorating cash situation created by the unprecedented and catastrophic floods in Serbia in 2014. The Bank expects to lengthen the tenors and provide terms more consistent with EPSs operations.

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
Elektroprivreda Srbije (EPS)
Public Enterprise Elektroprivreda Srbije (EPS)