Bosnia: Parliament approved EBRD loan for new HPPS

, SEE Energy News

House of Peoples of the Parliament FBiH approved the borrowing of PC “Elektroprivreda” from the European Bank for Reconstruction and Development on 24 October 2013, in the amount of 35 MEUR for the projects of construction of HPP “Vranduk” and the rehabilitation and expansion of HPP “Una Kostela”, it was announced on the website of the company.

EBRD approved a loan on favorable credit terms after meeting all necessary economic, technical and environmental preconditions. The planned funding of the approved amount for construction of HPP “Vranduk” are 26 MEUR, while for the HPP “Una Kostela” is planned amount of 9 MEUR.

House of Representatives of the FBiH Parliament gave approval for borrowing, on 24 September 2013. After both FBiH House of Representatives gave approval, PC “Elektroprivreda BiH” will access the signing of the contract.

HPP “Vranduk” is planned as derivational type flow facility with more objects that will constitute a functional unit. Total power of HPP “Vranduk” will amount to 19.63 MW while the projected annual electricity generation should be 96.38 GWh.

The importance of the construction of HPP “Vranduk” – production of so-called green energy sources, contributing to the reduction of CO2 emissions and other pollutants, contributing to the economic and commercial development of the Zenica-Doboj Canton, improving relationships of energy produced in hydro and thermal power plants “Elektroprivreda BiH”, utilization of hydro potential of river Bosnia, and the existence of the power plant in the vicinity of large industrial consumers of the Zenica-Doboj canton.

PC “Elektroprivreda BiH” in order to ensure additional power from existing plant “Una Kostela”, will reconstruct parts of the power plant “Una Kostela,” which is running since 1954, with capacity increase from 9.4 MW to 14,6 MW.

Continuation of reconstruction of HPP “Una Kostela” will be an important step in resolving the shortage of energy sources in the Una-Sanski Canton, as well as problems related to voltage fluctuations and power flows in the power system in the Canton area.

Source; Serbia Energy See desk

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