EIB extends 36 mln euro loan to Bosnia for Vlasic wind farm project

The 91 million euro wind power plant is expected to generate 115 GWh/year of electricity, powering 20,000 households and reducing 140,000 tonnes of CO2 emissions annually, the EIB said in a press release on Monday.

The EIB loan comes in addition to the 21 million euro in grants allocated by the European Union in December 2023 through the Western Balkans Investment Fund (WBIF). Bosnia and Herzegovina is providing a contribution of 16.7 million euro, while the KfW development bank is offering a 16.5 million euro loan, according to EIB's press release.

The EIB has also provided around 300,000 euro in technical assistance grants under its Economic Resilience Initiative for the development of the project.

($ = 0.928 euro)