📋 Tender Overview
Project ID: 54685
Status: Exploratory
Location: Bosnia and Herzegovina
Business Sector: Energy
Notice Type: State
Environmental Category: B
Approval Date: 23 Jul 2025
Disclosure date: 23 Jun 2025
Project Description
EBRD secured senior loan of €50 million to public electricity generation utility JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo ("EPBiH" or the "Company") for the development, construction, and operation of eight solar photovoltaic plants (85MWp in total) located at Zivnice, Mostar and Breza (the "Project"). The total financing will be sized to cover the estimated €80.8 million capex of the project as well as the costs of lenders' advisors and is expected to be co-financed by EBRD and a commercial bank via a parallel loan.
The Project will be procured and financed in two tranches: i) first tranche will include three solar photovoltaic plants (Gornja Breza, Visca, Podvelezje - 28 MWp in total) and ii) second tranche will include five solar photovoltaic plants (Bedrok 1,2 & 3, Banovici Selo, Potocari - 57 MWp in total).
Project Objectives
Acceleration of EPBiH renewable investments, supporting a progressive implementation of the Company's ambitious decarbonisation agenda. The majority of the portfolio will be developed on decommissioned and recultivated coal mine sites, creating alternative employment opportunities in these Bosnian regions historically heavily reliant on coal mining. This is only the second large scale solar PV investment progressed by the Company and another very meaningful future contributor to avoided greenhouse gas ("GHG") emissions, as well as important electricity generation source during summer peaks allowing for greater availability of water for climate change adaptation. This will assist the country in its low-carbon transition and commitment to align with the Paris Agreement.
Transition Impact
ETI score:76
Project's transition impact is based on the Well-Governed TI quality based on the Company's plan to implement up to eleven Corporate Climate Governance measures to improve corporate governance; and Green TI quality as the Project will add up to 0.9% of yearly national electricity generation to the Bosnia and Herzegovina power system.
