Bosnia: “BiH Power Utility Company” received 755.000 EUR from the EIB for the wind farm “Vlasic”

20. March 2014. / SEE Energy News

FBiH Government adopted the Decision on approval for a grant acceptance from the European Investment Bank for the wind farm “Vlasic” in the amount of 755.000EUR, it was announced from ” BiH Power Utility Company”.

In the framework of technical assistance , in accordance with the framework for investment in the Western Balkans , last year was signed an agreement between the European Investment Bank (EIB ) , Bosnia and Herzegovina, and PE ” Bosnia and Herzegovina Power Utility Company”, by which the EIB has made funds grant in this amount available to Bosnia and Herzegovina.

The main objective of grant acceptance is to provide support and relevant advisory support during the implementation of wind farm “Vlasic” in Travnik.

This decision is a prerequisite for the signing of a Subsidiary Loan Agreement between BiH and the BiH Federation and the Subsidiary Financing Agreement between the Federation and EPBIH, by which the BiH Federation will made funds grant ​​available to the ” Bosnia and Herzegovina Power Utility Company”, as the end user, it was announced from the Office of the Government of the BiH Federation for public relations.

Source: eKapija

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