Electricity

Power utility ERS launches tender for EUR 118.7 million in loans to finance construction of HPPs

Power utility ERS tendering for loans worth EUR 118.7 to finance hpp dabar bistrica

Photo: RD LH from Pixabay

Published

April 6, 2021

Comments

0

Share

Published:

April 6, 2021

Comments:

0

Share

State-owned power utility Elektroprivreda Republike Srpske (ERS) has announced a tender for EUR 118.7 million in loans for the construction of three hydropower plants with an installed capacity of 45 MW on the Bistrica river and the 160 MW Dabar hydropower plant.

Elektroprivreda Republike Srpske intends to take two loans: EUR 68.7 million for three HPPs on the Bistrica river and EUR 50 million for HPP Dabar. The deadline for submitting bids is May 17.

Loans for three HPPs in Bistrica were supposed to be secured last year, but the company delayed the process due to the coronavirus pandemic.

The Republic of Srpska signed a contract in late 2019 for the construction of three hydropower plants on the Bistrica river with 45 MW in combined capacity with giant Chinese firm AVIC-ENG – China National Aero-technology International Engineering Corp.

Works on HPP Dabar are already in progress.

ERS has set a 2.5% upper limit for the interest rate for the HPP Bistrica loan, while the required grace period is 42 months. The company intends to use the funds over the next three years.

The limit for the HPP Dabar loan is 3.8% and the utility is requesting a grace period of 48 months. ERS plans to draw it immediately.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment

Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Croatian households to be granted right to buy electricity from all EU countries

Croatian households to be able to buy electricity from all EU countries

09 April 2021 - The new law on the electricity market will increase competition in the market where the state-owned utility HEP holds 90% of the market.

Greece officially writes off four lignite fired thermal power

Greece officially writes off four coal-fired thermal power units

08 April 2021 - The plans for a coal phaseout in Greece seem to be accelerating as the only thermal power plant project may be switched to gas earlier.

akuo bulgaria hydropower plants pasarel

Akuo expands hydropower portfolio in Bulgaria

06 April 2021 - The French company has completed the acquisition of PVB Power Bulgaria, a firm with five hydropower plants in the Balkan country.

Power utility ERS tendering for loans worth EUR 118.7 to finance hpp dabar bistrica

Power utility ERS launches tender for EUR 118.7 million in loans to finance construction of HPPs

06 April 2021 - Elektroprivreda Republike Srpske needs funding for three hydropower plants on the Bistrica river and HPP Dabar.