EU/EBRD Western Balkans Private Sector Support Facility Regional (Albania, Bosnia and Herzegovina, Serbia): Energy Efficiency Window and SME Competitiveness Support Window - Verification Consultant

Proj ID: 32374
Title: EU/EBRD Western Balkans Private Sector Support Facility Regional (Albania, Bosnia and Herzegovina, Serbia): Energy Efficiency Window and SME Competitiveness Support Window - Verification Consultant

Assignment Description: The European Bank for Reconstruction and Development (the “EBRD”, the “Bank”) is in the process of establishing the Private Sector Support Facility for Western Balkans (“PSSF” or the “Framework”). in Albania, Bosnia and Herzegovina and Serbia the Facility will consist of two on-lending windows through local banks (PBs) to support private sector investments as follows:

- SME Competitiveness Support window (SME-CSF) will facilitate financing (up to EUR 1 mln per SME) of investments needed to comply with EU Directives in the field of environmental protection, occupational health and safety and product quality and safety, all as transposed or anticipated to be transposed into the laws of Albania, Bosnia and Herzegovina and Serbia;

- SEFF will support commercial sector investments in energy efficiency and renewable energy (up to EUR 5 mln per project) and residential sector energy efficiency investments (up to EUR 75,000 per project).

The main objectives of the assignment are to:
- Ensure that the use of proceeds of each sub-loan have met the eligibility criteria and that funded investments have been completed substantially on the basis of the investment plans prepared by the Project Consultant, on which the sub-projects were based.

- Ensure that incentive fees due to sub-borrowers on completion of eligible investments are approved for release by the EBRD only when a sub-project is validated as having met the eligibility criteria, and that no recommendation on release of incentive fees will be given where such validation is not possible.