Serbia Project Notice - 47466

Project Notice

PNR 47466
Project Name DFF - Stax Technologies
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.
Funded By European Bank for Reconstruction and Development (EBRD)
Sector Oil & Gas
Country Serbia , Southern Europe
Project Value 11 Million

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