News

World Bank to increase funding for Bosnia Energy Efficiency Project

Published

May 27, 2016

Comments

comments icon

0

Share

Published:

May 27, 2016

Comments:

comments icon

0

Share

The World Bank is ready to support Bosnia Energy Efficiency Project (BEEP) with further investments and advisory, said Jary Vayrynen, task team leader for the endeavour financed by the domestic government through loans from the international finance institution and the International Development Association. The project is funded with USD 32 million (EUR 28.8 million). Performances are satisfactory, with good work by the implementation unit, Vayrynen said during the visit of local officials of the World Bank to the Ministry of Physical Planning of the Federation of BiH, which was allocated with 17.28 million for implementation.

Josip Martić, the federal minister, met the representatives of the bank including Mustafa Čopelj, head of its project for the entity, and Adnan Efendić, chief of BEEP’s board. “We are more than satisfied with the dynamics and the implementation of the project, especially given the delays due to procedural reasons. Along with the activities related to reconstruction of public facilities, through this project it is also important to implement the mechanism of sustainable funding system out of savings realized exactly from energy efficiency. In the future, it would be good to also create similar projects for citizens and residential buildings, where there is a great potential for making savings,” Martić said.

A visit to University Clinical Center Sarajevo (UKCS) was also organized, with a tour of the Orthopedics and Traumatology Clinic, facility already under reconstruction. Representatives of the World Bank met with the representatives of the medical complex, who revealed plans for infrastructure projects.

“Measures of energy efficiency at three clinical centres (Mostar, Tuzla and Sarajevo) are currently in the process of implementation. Specifically, at the Orthopedics and Traumatology Clinic of UKCS, construction works take place as planned, with the full support of users. So far, 95% of hatches have been replaced, 50% of façade works are completed, and in the following days, installation of thermostatic valves is planned. We note that the works are carried out professionally, in accordance with professional standards, and that high-quality material, windows and doors are in the process of mounting,” Čopelj said.

Related Articles

Bistrica study pumped storage eps

Serbia moves closer to building Bistrica pumped storage hydropower plant

24 April 2026 - The construction of Bistrica will provide 55 GWh of energy storage capacity and enable the integration of 1.5 GW of renewables

serbia region eu energy community mou balkan green energy news lorkowski jovicic

Energy Community Secretariat, Balkan Green Energy News sign MoU to advance clean energy awareness across Balkans

24 April 2026 - The MoU outlines the framework for collaboration, ensuring accurate, timely, and balanced reporting while upholding the media's independence

bih republic of srpska dso elektrokrajina distribution grid loan ebrd

BiH’s DSO Elektrokrajina to invest EUR 30 million in distribution grid

24 April 2026 - The Council of Ministers of BiH has approved an initiative to begin negotiations for a loan aimed at upgrading the distribution grid

Serbia’s TSO EMS inks deal to invest EUR 36 million in substations

24 April 2026 - Works on substations in Bajina Bašta and Obrenovac are part of the third section of the Trans-Balkan Corridor for electricity transmission