News

EBRD mulling EUR 15 million loan for grid, smart meters

Published

May 18, 2016

Comments

comments icon

0

Share

Published:

May 18, 2016

Comments:

comments icon

0

Share

Dependent enterprise (ZP) Elektrokrajina a.d. Banja Luka, the biggest distribution within utility holding Elektroprivreda Republike Srpske (ERS) Trebinje, is expecting approval from the board of the European Bank for Reconstruction and Development for a loan worth EUR 15 million. The target date is September 7, the financing institution said, adding it is considering the endeavour to facilitate the reconstruction of medium and low-voltage networks, the reconstruction of substations and the introduction of smart metering.

EBRD said it will engage with ZP Elektrokrajina to perform a thorough corporate governance review and recommendation how to bring the company to best international standards.

The project summary document cites the potential to reduce losses by installing protected cables and substations as well as new meters. The scheme is also aimed at improving collections.

The project is expected to lead to operational improvements in the grid, in particular to reduce distribution losses through the reconstruction of medium and low-voltage networks and the introduction of advanced metering, the statement said. EBRD said it will engage with Elektrokrajina to perform a thorough corporate governance review and recommendation how to bring the company to best standards in compliance with international norms and codes. The distribution firm, which has 1,700 employees, covers half of power consumers in 16 municipalities in the Republic of Srpska entity of Bosnia and Herzegovina.

Related Articles

Battery storage investors Romania rapidly expanding project pipeline

Battery storage investors in Romania rapidly expanding project pipeline

16 August 2025 - In an rising investment wave, firms in Romania are combining energy storage with solar, wind and hydropower or building standalone systems

north macedonia guarantees of origin solar power plant oslomej

Good start for North Macedonia: in first two months 100k+ guarantees of origin issued

15 August 2025 - In April, the National Electricity Market Operator (MEMO) established the Register of Guarantees of Origin for electricity

Heat pump sales in Europe fell dramatically in 2024

Heat pump sales in Europe plunge in 2024

15 August 2025 - The EU wants to reach 60 million heat pumps by 2030, but sales in major European markets fell 22% in 2024

serbia eps profit results 2025

Serbia’s EPS reports EUR 234 million profit for first half of 2025

15 August 2025 - State-owned Elektroprivreda Srbije (EPS) achieved lower profit in the first half of the year than in the same period of 2024