EIB provides €300,000 to accelerate energy security and green transition in BiH News | WeBalkans

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13/05/2022

EIB provides €300,000 to accelerate energy security and green transition in BiH

Bosnia and Herzegovina

The European Investment Bank (EIB), the lending arm of the EU, is providing a €300,000 grant to Elektroprivreda Bosne i Hercegovine to conduct an environmental assessment of the Vlašić site for a new windfarm. This technical assistance will facilitate the construction of a 50 MW windfarm in the Travnik region, which will support the transition to renewable, secure and sustainable energy resources, as well as the decarbonisation of the local and Western Balkan economy. This is the second grant agreed for Bosnia and Herzegovina under the new EIB Global branch and demonstrates the Bank’s determination to scale up its technical and financial support for addressing the country’s most urgent needs and green transition process.

 

Under the Western Balkans Investment Framework, the EIB has already provided around €655,000 in grants. The funds are being used for developing the feasibility study for the construction of the Vlašić windfarm, including wind analysis, geographical research, research in the field of zero carbon emissions, a study on social impact, and the preparation of tender documentation. Since the start of the COVID-19 crisis in February 2020, the EIB has unlocked €658 million in loans for Bosnia and Herzegovina and six grants to support the country’s sustainable development.

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Source: EIB

Photo credits: EIB

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