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Bosnia’s Federation oks plans for 100 mln euro KfW loan for Vrilo HPP project

Bosnia’s Federation oks plans for 100 mln euro KfW loan for Vrilo HPP project

SARAJEVO (Bosnia and Herzegovina), November 20 (SeeNews) – The government of Bosnia’s Muslim-Croat Federation said it has approved plans to borrow 100 million euro ($135 million) from German bank KfW to finance the Vrilo hydro power plant (HPP) project.

The final decision on the loan will be taken upon the completion of the negotiations with KfW on the borrowing terms, the entity’s government said in a statement on Tuesday .

The loan will be utilised by state-owned power utility JP Elektroprivreda BiH.

The Muslim-Croat Federation is one of the two autonomous entities that form Bosnia and Herzegovina. The other is the Serb Republic.

($=0.7407 euro)

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