| Project Detail |
Location:
Bosnia and Herzegovina
Project number:
53198
Business sector:
Energy
Notice type:
State
Environmental category:
B
Approval date:
26 Apr 2023
Status:
Concept Reviewed
PSD disclosed:
01 Feb 2023
Project Description
EBRD is considering the provision of an up-to EUR 38.5 million non-sovereign senior secured corporate A/B loan to public electricity generation utility JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo ("EPBiH" or the "Company") for the development, construction, and operation of two adjacent solar photovoltaic plants (50 MWp in total) located at Gracanica, Municipality of Bugojno, on top of a rehabilitated mine site previously used for coal exploitation (the "Project"). The total loan amount of up-to EUR 38.5 million would be co-financed by EBRD and a commercial co-lender (as either a participating B-Loan or a parallel loan).
Project Objectives
This will be one of the first solar power projects to be developed by EPBiH as the Company shifts towards renewable energy investments as part of its decarbonisation agenda. The Project would significantly add to EPBiHs renewable energy portfolio (excluding large hydro power plants) and also create opportunities for employment in Bosnian regions heavily reliant on coal mining during construction.
The Project is expected to reduce total greenhouse gas ("GHG") emissions by 32k tons of CO2 per annum in addition to providing increased electricity generation for summer peaks and greater availability of water for climate change adaptation. This will assist the country in its low-carbon transition and commitment to the goal of the Paris Alignment. |
