ANALYSIS OF THE SERBIAN PUBLIC PRIVATE PARTNERSHIP PROJECTS IN THE FIELD OF ENERGY EFFICIENCY

Abstract

Energy efficiency is one of the priorities defined in the Energy Sector Development Strategy of the Republic of Serbia. For the successful realisation of any strategy, including energy sector development strategy, it is necessary to allocate financial resources. In the times recession and limited state budgets, it became necessary to look for new modalities in an era of increasing demand especially where financial resources are limited. One of the models often utilized by the public sectors across the world is Public-Private Partnership (PPP). The purpose of this paper is to identify potential difficulties in the preparation and contracting of PPP projects in the field of energy efficiency in Serbia, considering the fact that only a limited number of public contracts have been signed and much more have been approved as a PPP project proposal. Considering the findings of the research, energy efficiency has proven to be one of the key drivers for the development of PPP projects in Serbia. The projects in the area of energy efficiency experienced an exponential increase in the past period, although difficulties were identified with their preparation and contracting.