HPP ¨Vranduk¨: European Investment Bank approved loan of up to 37, 5 million Euros to JP Elektroprivreda BiH
European Investment Bank (EIB) approved a loan to JP Elektroprivreda BiH of up to amount of 37,5 miliona Euros for realization of the construction Hydro Power Plant HPP ¨Vranduk¨. The Management of European Investment Bank approved a loan after conducted extensive evaluation of the Project made by the experts of the Bank and Elektroprivreda BiH has satisfied all the required preconditions relating to economic , technical and environmental aspects .
In the next phase , the BiH Council of Minister will name a delegation to negotiate the loan.
The project HPP ¨Vranduk¨ will be financed by the own funds and international financial institutions funds . JP Elektroprivreda BiH Sarajevo will invest 11 million Euros from the own funds for the construction of HPP ¨Vranduk¨ . European Bank for Reconstruction and Development approved loan of 26 million Eurs for construction of HPP ¨Vranduk¨.
The credit agreement with EBRD bank was signed and is operational.