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

comments icon

0

Share

Published:

April 6, 2021

Comments:

comments icon

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

Electricity system Spain Portugal collapses from unknown cause

Electricity system in Spain, Portugal collapses amid extreme temperature variations

28 April 2025 - Power was out today throughout Spain and Portugal, in Andorra and parts of southern France amid one of the most serious outages so far

Episodes negative power prices Slovenia Romania workdays

Episodes of negative power prices in Slovenia, Romania spread to workdays

28 April 2025 - Romania and Slovenia are experiencing the first episodes of negative day-ahead power prices on workdays, as the phenomenon used to occur only on holidays and weekends

An EU budget that works for the people unlocking finance for energy communities

An EU budget that works for the people: unlocking finance for energy communities

28 April 2025 - Energy communities can mobilise billions of euros in renewable energy investments, yet their potential remains untapped due to complex state aid rules, inaccessible funding mechanisms, and burdensome regulations

Horius exclusive distributor PupinEnergy chargers Serbia

Horius becomes exclusive distributor of PupinEnergy chargers for Serbia

25 April 2025 - Horius signed an exclusive agreement and became the authorized distributor of PupinEnergy AC electric vehicle chargers in Serbia