| Project Detail |
Location:
Serbia
Project number:
53332
Business sector:
Manufacturing and Services
Notice type:
Private
Environmental category:
B
Approval date:
26 Apr 2022
Status:
Approved
PSD disclosed:
05 May 2022
The proposed Project includes construction of new production facilities and procurement of new production lines (assembly plant, machining workshop, material cutting plant and a paint-shop). In addition, the Company will build a 300KW rooftop solar power plant, planned for the second half of 2022.
The investment will effectively increase the capacity of Stax Technologies by over 70%, and will improve energy efficiency and productivity through partial replacement of existing equipment and machinery. The new plant will be a virtual replica of the existing one, but will operate the latest state-of-the-art equipment, with much higher efficiency. The new production buildings are designed to achieve Energy Performance Certificate of Class B which is above the national requirement.
Project Objectives
The overall objectives of the Project are good financial and operational performance and on-time project implementation.
Transition Impact
ETI score: 68
The transition impact of the Project defined as Inclusive as the primary quality and Green as secondary quality.
Primary Quality: Inclusive
The Project will enable the Company to launch a range of new training programs under its Stax Academy initiative in order to address emerging skills needs, thus improving young peoples access to skills and livelihood opportunities.
Secondary Quality: Green
Around 54% of EBRD use of proceeds will support green economy transition by financing:
EPC Class B certified new building which is one level above national requirement
Equipment replacement with more energy-efficient solutions.
300 kW solar PV installation
Total energy efficiency savings of c. 12,600 GJ/year and c. 500 MWh/year renewable energy generation is expected. Total scope 2 emission savings from energy efficiency and renewable energy measures are expected at 1,400 tons CO2 eqv./year. |
