Energy Efficiency

Banja Luka, EBRD ink heating plant restructuring deal

heating plant

Published

August 17, 2016

Comments

0

Share

Published:

August 17, 2016

Comments:

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

Seven green ventures Clim@ Scaler accelerator program

Seven green ventures complete Clim@ Scaler accelerator program

21 November 2022 - The GGF and Rockstart held a closing event for the first edition of their Clim@ Scaler accelerator program

waste-to-energy-incinerators-vienna-waste-incinerator

Waste-to-energy in Serbia – a cause for concern or an opportunity to reap environmental-climate-energy benefits

11 November 2022 - In this latest article in the series "Serbia, from garbage dumps to circular economy", we discuss the waste-to-energy concept with Professor Vladimir Pavićević, Igor Jezdimirović, and Helga Stoiber

EU accelerate renewables permitting cut environmental requirements

EU to accelerate renewables permitting, cut environmental requirements

10 November 2022 - The European Commission wants to cut red tape for renewables but it may lower environmental standards in the process

Energy Community calls journalists to workshop in Vienna in December

Energy Community calls journalists to workshop in Vienna in December

08 November 2022 - The Energy Community Secretariat will host 18 journalists at an energy transition workshop on December 14 in Vienna