Release date: 28 August 2013
Promoter – Financial Intermediary
JAVNO PREDUZECE ELEKTROPRIVREDA BOSNE I HERCEGOVINE, the state-owned electricity company in the Federation of Bosnia and Herzegovina.Location
Description
Construction of a 20 MW hydro power plant on the stretch of the river Bosna between the towns of Zenica and Nemila.
Objectives
The operation will support investments in renewable energy, thus contributing to a sustainable and secure supply of energy and therefore to the long term economic growth and development in BIH. The operation supports the Bank's mandate objectives for Candidate and potential Candidate countries, by promoting renewable energy, tackling climate change and improving security of energy supply.
Comments
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 38 million
Total cost (Approximate amount)
EUR 86 million
Environmental aspects
The project falls under Annex II of the EIA Directive 2011/92/EU and it was screened in by national authorities and is subject to an Environmental Impact Assessment. An environmental impact assessment has been performed in accordance with national legislation and it's compliance with EU legislation will be checked during appraisal.
Procurement
The Bank will require the Promoter to ensure that contracts for implementation of the project are tendered in accordance with the applicable EU procurement legislation (Dir 2004/17/EC, 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 30/06/2014
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).