Wednesday, May 18, 2022

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EIB provides a 300,000 euros grant to accelerate green transition in Bosnia and Herzegovina

The European Investment Bank (EIB) will provide a 300,000 euros grant to Bosnian public electric utility company Elektroprivreda Bosne i Hercegovine for the construction of a 50 megawatt (MW) wind farm 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.

“The EIB’s technical support will accelerate the preparation of the project for the construction of a wind farm in Vlašić and its connection to the local energy grid,” said EIB Vice-President Lilyana Pavlova who is responsible for Bosnia and Herzegovina. “As a result of these efforts, the country will be able to strengthen its energy supply, increase power generation from renewable resources and reduce dependence on fossil fuels. Developing the infrastructure will generate numerous benefits for local communities and bring the country closer in line with the Green Agenda’s environmental goals for the Western Balkans.”

More specifically, the EIB grant will help develop a biodiversity management plan outlining the management action to be taken in line with the highest EU environment protection practices. The funds are being provided under the EIB’s Economic Resilience Initiative (ERI), as part of the EIB’s and European Union’s response to the challenges in the Western Balkans.

“The project for building the Vlašić wind farm is one of the most important in the category of renewable energy sources which we intend to implement in the coming period,” added Director General of Elektroprivreda Bosnia and Herzegovina Admir Andelija. “The aim of the project is to contribute to the production of electrical energy with no harmful emissions and to increase the share of renewable energy in the production portfolio of our company and for Bosnia and Herzegovina as a whole. It also contributes to climate action by reducing CO2 emissions and gives positive impetus to sustainable economic and social development in Bosnia and Herzegovina.”

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