News

EBRD mulling EUR 15 million loan for grid, smart meters

Published

May 18, 2016

Comments

0

Share

Published:

May 18, 2016

Comments:

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

Belgrade tops air pollution chart; Zagreb, Sarajevo, Prishtina, Skopje, Sofia not far behind

18 October 2021 - Belgrade reached the top of IQAir's air pollution list last night, trailed closely by other major cities in the Balkan region

coldplay

Coldplay to use fans’ kinetic energy to cut CO2 emissions on world tour

15 October 2021 - To mitigate the carbon footprint during the 2022 tour, the British rock band will use solar panels, biofuel, a mobile rechargeable battery, and a kinetic floor to convert fans’ movements into energy.

Serbia power utility EPS investments in green energy

Serbia’s power utility EPS announces investments in green energy

15 October 2021 - Serbian state-owned power producer EPS aims to install 240 MW in solar power plants and 100 MW in wind farms by the end of the decade

climate-transparency-report-cop26-g20

G20 urged to set more ambitious emissions cut targets ahead of COP26

15 October 2021 - The G20 governments need to come up with more ambitious national emissions reduction targets ahead of the UN climate summit COP26, which opens on October 31.