Domestic smart meter manufacturer Meter & Control to build factory in Belgrade – EBRD and ENEF II provide EUR 9.1 million investment loan

The European Bank for Reconstruction and Development (EBRD) and Enterprise Expansion Fund II (ENEF II), under the European Union’s Western Balkans Investment Framework (WBIF), are supporting Meter & Control, a Serbian company specialized in design and production of smart energy metering systems and software development.

The loan proceeds, which are 100 per cent aligned with the EBRD’s Green Economy Transition (GET) principles, will be used to support the construction of a new production facility and purchase of additional equipment. The investment will help Meter & Control to increase production capacity, automate production, improve energy and resource efficiency as well as enhance quality controls, the EBRD announced.

Out of a total funding of EUR 9.1 million, EUR 3 million will be provided by ENEF II, while the EBRD’s portion of EUR 6.1 million includes a concessional finance tranche provided by the GEF special fund in an amount of EUR 1 million, reflecting the project’s strong green financials.

Smart meters play a crucial role in modernizing energy infrastructure and in the development of smart grids, allowing both consumers and utility companies to monitor and manage energy use more effectively, the EBRD reminds. The project will contribute to address the needs in Western Balkans to improve resource and energy efficiency governance as well as set new standards for smart meter producers across the region.

Aleksandar Skulic, CEO of Meter & Control, said that the financing marked a pivotal moment for Meter & Control, as it strengthened our ability to deliver innovative and reliable smart metering solutions, while expanding their production capacity and automation. He added that their mission was to actively contribute to the green transition by enhancing energy efficiency and enabling smarter energy management.

The Meter&Control company currently has a factory in the Nemenikuce settlement, in the municipality of Sopot. The factory produces up to 500,000 smart meters annually.

The owner of the company Meter&Control d.o.o. from Belgrade (Zemun), founded in 2008, is the Cypriot company Ktesius London Investment Properties Ltd, which holds a 100% stake.

The ENEF II fund, in which the EBRD, the EU, Italy (Cassa Depositi e Prestiti), Germany (KfW) and Banca Intesa invest, focuses on small and medium-sized enterprises in the Western Balkans.

B. P.

Meter & Control d.o.o. Beograd

EBRD Evropska banka za obnovu i razvoj Beograd

Meter Control doo Zemun

Ktesius London Investment Properties Ltd

EBRD

ENEF II

smart meters

construction of factory

loan

smart metering