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

krsko 2 spatial plan

Slovenia launches public consultation on spatial plan for second unit at Krško nuclear plant

01 July 2025 - The Ministry of Natural Resources and Spatial Planning has published an initiative to prepare a spatial plan for the second unit of nuclear power plant Krško.

teius solar park eurowind romania

Danish Eurowind Energy to build 220 MW solar park in Romania

01 July 2025 - Vișina will be Eurowind Energy’s largest solar park in Romania as well as one of the biggest in the country.

Turkey first hydropower reservoir YEKA floating solar power auction

Turkey selects first hydropower reservoir for YEKA floating solar power auction

01 July 2025 - The reservoir of the Demirköprü hydropower plant is the first proposed area for Turkey's planned floating solar power auction

Europe’s largest floating solar power plant begins operation

Europe’s largest floating solar power plant begins operation

01 July 2025 - The largest floating solar power plant in Europe, Les Ilots Blandin, has been put into operation in France.