The Council of Ministers of Bosnia and Herzegovina has formally confirmed that a planned loan from the European Investment Bank (EIB) for the state-owned power utility EPBiH falls within the existing framework agreement between the country and the lender. The decision, proposed by the Ministry of Finance and Treasury, clears the administrative pathway for financing a major renewable energy project.
The European Investment Bank is expected to provide up to €56 million to support the construction of the Bitovnja wind farm. The project will be developed in the Herzegovina-Neretva Canton, on a mountainous site near Konjic, at elevations ranging from 1,530 to 1,700 metres.
Under the agreed terms, EPBiH will assume full responsibility for repaying the loan, as well as managing all associated financial risks. The company is also required to provide the necessary guarantees and collateral to secure the financing.
Plans for the Bitovnja wind farm include the installation of 15 wind turbines with a combined capacity of approximately 90 MW. The development will also involve supporting infrastructure such as a substation, transmission connection, and access roads.
The total investment is estimated at around €100 million. Once operational, the facility is expected to generate at least 110 GWh of electricity annually, contributing to the country’s renewable energy output.
