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

Trump scraps US climate policy blocks offshore wind exits Paris Agreement

Trump scraps US climate policy, blocks offshore wind, exits Paris Agreement

21 January 2025 - President Donald Trump substantially reversed the US energy and climate policy. He is withdrawing the country from the Paris Agreement again.

Hungary suffers highest cross-border electricity price volatility spillovers in EU

21 January 2025 - IMF has examined wholesale electricity price volatility and its spillover effects across 24 countries in the European Union

Trump declaring energy emergency Drill baby drill

Trump declaring energy emergency to ‘Drill, baby, drill’

20 January 2025 - In his inauguration address, United States President Donald Trump vowed to bring energy prices down, with an emphasis on raising oil and gas production

serbia azerbaijan gas power plant nis memorandum eps srbijagas dubravka djedovic

Serbia to sign gas power plant memorandum with Azerbaijan

20 January 2025 - Dubravka Đedović Handanović spoke about a gas power plant project in Serbia with Deputy Minister of Economy of Azerbaijan Anar Akhundov