Energy Efficiency

Banja Luka, EBRD ink heating plant restructuring deal

heating plant

Published

August 17, 2016

Comments

comments icon

0

Share

Published:

August 17, 2016

Comments:

comments icon

0

Share

Mayor of Banja Luka Slobodan Gavranović, director of the local district heating utility Mićo Milovanović and head of the European Bank for Reconstruction and Development’s office in Bosnia and Herzegovina Ian Brown signed a mandatory letter on the operational and financial restructuring of Toplana a.d. Banja Luka, news agency Srna reported.

The contract also includes investments in the modernization of district heating infrastructure in the capital of the Republic of Srpska entity as well as refinancing and partial writeoff of Toplana’s debt. It is a loan from the EBRD in the amount of EUR 15 million with, as Gavranović said, very favourable conditions.

The loan will be implemented in two tranches and the repayment period is 15 years, with a grace period of three years and an interest rate of 1%. The first installment, of EUR 10 million, is intended for the procurement of new biomass boilers, while the remainder will be used for the repurchase of bonds and installation of existing biomass boilers, the report said.

Related Articles

Cities are driving the transition to climate neutral and fair housing

Cities are driving the transition to climate neutral and fair housing

19 May 2025 - City governments are ready to lead the transition to climate-neutral buildings by 2050, but they cannot do it alone

serbia germany kfw heating plants renewables district heating konrad muler

Serbia to invest EUR 60 million in renewables in district heating

16 May 2025 - The Minister of Mining and Energy met with Ambassador Anke Konrad and KfW's Director for Southeast Europe and Turkey Klaus Müller

North Macedonia Law on Energy

North Macedonia adopts Law on Energy

15 May 2025 - With a majority of votes, 62 out of 120, the Assembly of North Macedonia adopted the Law on Energy, aligning the legal framework with the EU

croatia subsidies energy poverty fzoeu

Croatia sets EUR 25 million in incentives for energy poor households

22 April 2025 - Croatia has earmarked EUR 25 million for households at risk of energy poverty. They will use the funds for energy renovation