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EBRD lending 15 mln euro to Bosnia's Elektro Bijeljina for smart grid project

Author Maja Garaca
EBRD lending 15 mln euro to Bosnia's Elektro Bijeljina for smart grid project Source: EBRD.

SARAJEVO (Bosnia and Herzegovina), September 19 (SeeNews) – The EBRD said on Wednesday it has provided a loan of 15 million euro ($17.5 million) to Bosnian power distribution company ZEDP Elektro Bijeljina for the reconstruction of the medium and low-voltage network and the installation of smart meters.

The loan, supported by TaiwanICDF,  will allow for investments in a more modern, efficient and flexible power distribution network that will promote improved efficiency through reduced power losses and greater awareness of energy consumption patterns, the EBRD said in a statement.

Up to 7.5 million euro of the loan will be provided by the Green Energy Special Fund, established and administered by the EBRD with the contribution of TaiwanICDF.

Previously, the EBRD also provided a loan to ZP Elektrokrajina A.D. Banja Luka for a similar purpose.

The EBRD is a major investor in Bosnia and Herzegovina. Since the beginning of its operations in the country the EBRD has invested 2.1 billion euro in around 150 projects.

($=0.856703 euro)

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