Energy Efficiency

World Bank approves USD 32 million in additional financing for BiH Energy Efficiency Project

Photo: Pixabay

Published

November 2, 2018

Comments

comments icon

0

Share

Published:

November 2, 2018

Comments:

comments icon

0

Share

The World Bank has approved USD 32 million in additional financing for the Bosnia and Herzegovina (BiH) Energy Efficiency Project, according to a press release from the World Bank cited by the BiH media.

Energy efficiency investments under the project refer to retrofits of school and hospital buildings across BiH to secure cleaner and more efficient heating, improved thermal insulation, better lighting, and an overall improvement of conditions in the buildings, the World Bank said.

The additional financing follows the original, USD 32 million package the World Bank approved in March 2014. Under the original package, more than 60 school and hospital buildings have been retrofitted in BiH.

The investments helped improve working and other conditions in schools and hospitals, in what directly benefitted over 500,000 students and patients, according to the press release.

Electricity consumption in retrofitted public facilities decreased by up to 60%, creating energy savings of over 512,000 MWh.

This helped cut CO2 emissions by 189,000 metric tons, which is the equivalent of pollution from around 2,000 cars.

Bosnia and Herzegovina uses more energy than other European countries, with a half of the consumption attributable to buildings with deficiencies such as poor thermal insulation, outdated heating systems, and inadequate lighting, according to the press release.

Due to high costs, public facilities in BiH are inadequately heated in winter months, World Bank Country Manager for Bosnia and Herzegovina Emanuel Salinas was quoted as saying.

The investments will provide additional benefits, such as a significant decrease in electricity bills and reduced air pollution, he noted.

BiH has around 7,600 public buildings, including 2,908 in Republika Srpska and 4,419 in the Federation of BiH (FBiH), which are estimated to require energy efficiency investments of between EUR 350 million and EUR 510 million.

The World Bank’s project is aimed at improving conditions in certain schools and hospitals, as well as establishing a mechanism that can mobilize additional funding that would be used for retrofits of a larger number of facilities.

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

slovenia smart grids investments distribution grid

Slovenia’s EUR 150 million smart grid leap

18 June 2025 - The five electricity distribution firms in Slovenia will invest more than EUR 150 million by the end of March 2026

esma sahin scadawatt bef 2025

ScadaWatt seeks partners in Serbia to deploy its energy digitalization systems

10 June 2025 - ScadaWatt, a bronze sponsor of Belgrade Energy Forum 2025, provides remote monitoring and control systems for solar power plants.

serbia wind farms 1 GW strategic partner EPs investments

Serbia shelves plan for strategic partnership for 1 GW in wind farms

09 June 2025 - Serbia has revised the baseline of the plan for the development of energy infrastructure and energy efficiency, adopted in 2023

The cost of keeping warm, delivering a just clean heat and cooling transition for European citizens

The cost of keeping warm: delivering a just clean heat and cooling transition for European citizens

06 June 2025 - ETS2 – which will be launched in 2027 and will put a price on carbon emissions from buildings and transport – risks deepening the energy poverty problem