Germany writes off EUR 20 million from debt of BiH


October 12, 2015





October 12, 2015




After it met the relevant prerequisite by investing EUR 4 million in the rehabilitation of hydropower plants of Trebinje and Rama, Bosnia and Herzegovina had EUR 20 million of its debt written off by Germany.

The government in Berlin had pledged to the move if BiH invests a set amount in the advancement of its renewables sector, the country’s embassy in Sarajevo said in a statement made available to SeeNews. Ambassador Christian Hellbach welcomed the strengthening of financial cooperation between the two countries and said that by encouraging Bosnia and Herzegovina to invest in its renewable energy sector, Germany has „indirectly contributed to climate protection,” the press release adds. There is still potential in the field, which is very significant for development, according to the embassy.

So far, Germany has made EUR 750 million available to BiH within the financial cooperation programme, the embassy said.

Related Articles

Plastic bag free day and Plastic free July – not only consumers' responsibility

Plastic Bag Free Day, Plastic Free July – not all responsibility is on consumers

03 July 2022 - Recent studies revealed that microplastic pollution is taking on new forms and shapes that threaten human health


Fossil fuels returned as top energy source in EU power generation in 2021

01 July 2022 - Among renewable sources, the biggest increase in 2021 was seen in electricity produced from solar energy, 13%,

Floating wind farm project unites fishermen, investors in Ireland

01 July 2022 - A joint 2 GW floating wind farm project is the first cooperation in the world between the two opposing sectors.

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.