EBRD arranges €40.1m financing towards Bosnia and Herzegovina’s green transition
29 August 2024
The European Bank for Reconstruction and Development (EBRD) is providing a €25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH), the largest public electricity generation and distribution utility in Bosnia and Herzegovina. The loan is intended to help EPBiH develop and construct a 50 MWp solar power plant on a former coal ash landfill site.
€25.1 million from the EBRD and €15 million from UniCredit Bank d.d. for EPBiH’s 50 MW SPP (Photo: EBRD)
In addition to its own financing, the EBRD has helped to mobilise further funds for the project, with UniCredit Bank d.d. providing a parallel loan of €15 million.
The funds from these loans will be used to develop, construct, and operate two adjacent solar power plants (SPPs) with a combined capacity of 50 MWp in the municipality of Gračanica.
As part of the project, the EBRD is supporting a 2050 technical cooperation initiative which will comprehensively assess several 2050 decarbonisation scenarios for EPBiH, along with their impact on EPBiH’s operations, financial capital requirements, planning, project implementation structures, and communication with stakeholders.
Austria is providing technical support for project preparation and implementation, as well as advisory support, through the Austrian Municipal Infrastructure Fund and the Austrian High-Impact Partnership on Climate Action.
The EBRD’s Shareholder Special Fund is also contributing additional funds for technical support.
So far, the EBRD has invested more than €3.2 billion in 233 projects in Bosnia and Herzegovina. The Bank’s strategic priorities in the country include promoting the green economy, supporting the development of the private sector, and fostering regional integration.
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