Republika Srpska: WPP Hrgud 60MEUR loan from KfW approved

23. March 2016. / SEE Energy News

Power utility ERS Republika Srpska got the federal ministry of finance approval for 60MEUR loan from KfW German bank for construction of new wind park Hrgud.

The Council of Ministers of BiH accepted the initiative of the Ministry of Finance and Treasury and appointed delegation for negotiations for conclusion of the Agreement on loan and project between KfW, Frankfurt on Main and BiH in the amount of 60 million EUR – Wind Park Hrgud.

The wind parm Hrgud will be built in the Municipality Berkovici and will have l6 wind turbines with an annual production of 126 GWh.

Loan repayment period is 15 years, with a grace period of 4 years, and it will be allocated to Republika Srpska, transmits Serbia-energy.eu

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