Release date: 27 June 2006
Promoter – Financial Intermediary
The Promoters will be the three Power Utility companies : EPRS (Elektroprivreda Republike Srpske), EPBiH (Elektroprivreda Bosnia Herzegovina), and EPHZHB (Elektroprivreda of the Croatian Community of Herzeg-Bosnia), and ISO, the Independent System Operator.Location
Description
The project mainly consists of the rehabilitation and upgrading of the Bosnian power distribution system, renovation of several hydropower plants, under the country’s "Power IV" programme.
Objectives
The reduction of losses in the power system, and improved energy efficiency, will reduce operational costs and increase the quality and reliability of power supply as well as improving safety. These benefits are expected to make a substantial contribution to the on-going economic recovery.
Comments
Electricity.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 93 million.
Total cost (Approximate amount)
EUR 200.7 million.
Environmental aspects
The Bank’s services will take care to ensure that proper attention is given to all environmental concerns and that appropriate mitigation measures are implemented, in line with the Bank’s relevant guidelines.
Procurement
The promoters is aware of the Bank procedures regarding procurement. Procurement procedures will be checked for consistency with the Bank’s guidelines and the relevant applicable European Union rules.
Status
Signed - 8/01/2007
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).