Montenegro: Promotion of Renewable Energy and Energy Efficiency Project (RE/EE)
In 2006 MACS (in a consortium with Posch&Partners) was contracted to provide assistance to the Montenegrin Small and Medium Enterprise Development Agency (SMEDA) in the monitoring of the Project for the Promotion of RE/EE. Our team’s job was to monitor the project implementation and the proper coordination of the different stakeholders. In the framework of project monitoring, business plans and application documents for the financing of RE/EE projects were evaluated and the granting of loans for the project financing monitored.
In the extension of our consultancy services, in 2008, MACS developed a standardized approach for Energy Efficiency credits which were granted by the Partner Bank Crnogorska Komercijalna Banka (CKB). The main emphasis of the MACS team was put on the development and implementation of a standardized monitoring tool for energy savings and CO2 emission reduction which was used by the banks’ loan officers. Since that tool developed its final form in eSave and our contract was once more extended, in 2011 we implemented a training of bank staff in the use of eSave who are currently still using the software.