Release date: 20 October 2023
Promoter – Financial Intermediary
JP ELEKTROPRIVREDA HRVATSKE ZAJEDNICE HERCEG-BOSNE DDLocation
Description
The project concerns the design, construction and operation of an onshore windfarm with total installed capacity of 132 MW, located in the wider mountainous area in the West Herzegovina-Canton in the Municipality of Posusje.
Objectives
The aim is to increase the security of electricity and the share of renewable energy sources in the electricity system across the country. The investment will help BiH to diversify its energy sources, contributing to long term economic growth and development, in line with the EU Green Agenda embedded in the Economic and Investment Plan for the Western Balkans. The operation supports the EIB's objectives, by promoting the deployment of renewable energy technologies, tackling climate change through climate mitigation measures and improving security of energy supply.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 145 million
Total cost (Approximate amount)
EUR 206 million
Environmental aspects
Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures applied as necessary.
Procurement
The EIB will require the Promoter to ensure that any procurement procedures are done in accordance with the EIB's Guide to Procurement and the relevant applicable EU public procurement rules.
Status
Approved - 6/02/2024
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).