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World Bank backs energy efficiency project

Published

October 28, 2015

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Published:

October 28, 2015

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The environment ministry of the Republic of Srpska said it signed a memorandum of understanding with the entity’s health and education ministries and representatives of 11 municipalities, within an energy efficiency project funded with World Bank’s loans, SeeNews reports.

Srpska has been allocated USD 12.8 million (EUR 11.6 million). Project activities include improvements of energy efficiency in approximately 35 public buildings throughout the entity and the development of scalable financing models, the ministry said in a press release.

A total of 11 tenders have already been granted under this project – three in the field of health and eight in education and culture. The World Bank’s board of executive directors approved a credit in the amount of EUR 29.04 million for the Bosnia and Herzegovina Energy Efficiency Project in 2014. BiH is made up of two autonomous entities, the The Federation of BiH Serb and the Republic of Srpska.

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