European bank helps Bosnia fund eight-plant rehab

The European Investment Bank (EIB) has approved a 103 million euro (US$134.7 million) loan to Bosnia and Herzegovina for rehabilitation of hydroelectric plants and electricity distribution systems.

EIB said January 10 the project consists of design, supply, and installation of facilities in the power distribution system and in eight hydropower plants totaling 2,800 MW, including dam safety improvements.

The government of Bosnia and Herzegovina is borrowing the funds for use by regional utilities Elektroprivreda of Bosnia and Herzegovina, Elektroprivreda Hrvatske Zajednice Herceg-Bosne, and Elektroprivreda Republike Srpske, and by the transmission system’s Independent System Operator.

The loan is to finance measures leading to a more rational usage of energy by reducing losses, improving energy efficiency, reducing operation and maintenance costs, and increasing quality and reliability of power supply.

In October 2006, the World Bank’s International Development Association approved a US$36 million credit to Bosnia and Herzegovina to finance rehabilitation and upgrading of hydroelectric and thermal power stations, upgrading of transmission and distribution systems, and providing technical assistance. (HNN 11/2/06) The utilities planned to recruit consultants for hydro project rehabilitation and other work under the program to integrate the Balkan nation into the Energy Community of South East Europe.

For information, contact:
o General Manager Enver Kreso, Elektroprivreda of Bosnia and Herzegovina, Zmaja od Bosne 15, 71000 Sarajevo, Bosnia and Herzegovina; (387) 33-277500; Fax: (387) 33-751002; Fax: (387) 33-751005; Internet: www.elektroprivreda.ba;
o Vlado Maric, Elektroprivreda Hrvatske Zajednice Herceg-Bosne, Mile Budaka 106a, 9900 Mostar, Bosnia and Herzegovina; (387) 36-310847; Fax: (387) 36-317157;
o Pantelija Dakic, Elektroprivreda Republike Srpske, Luke Vukalovica 3, 89101 Trebinje, Bosnia and Herzegovina; (387) 59-260091; Fax: (387) 59-277120.

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