EU investing 6 mln euro in energy efficiency projects in Bosnia’s Serb Republic

by Cristian Florescu

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) will provide a financial package in the amount of 6 million euro ($6.8 million) to Bosnia and Herzegovina to support projects to improve energy efficiency of public buildings in the Serb Republic entity, the EBRD said on Tuesday, write

The EBRD will lend the country 4.5 million euros, whereas the EU will provide a 1.0 million euro investment grant and additional 500,000 euro in technical assistance for project implementation, the EBRD said in a press release.

The financial package will fund measures for improving energy efficiencies, such as thermal insulation, new windows, upgraded heating, ventilation and cooling systems, and energy-efficient lighting in 20 public buildings, including 16 schools and three hospitals, in the Serb Republic.

The measures are expected to reduce the buildings’ annual CO2 emissions by 90%, heat consumption by around 80% and electricity consumption by 63%. The public buildings will share at least 50% of their energy savings during the loan tenor with the Serb Republic’s Environmental Protection and Energy Efficiency Fund, which will help them with the repayment of the loans.

The EU funds are secured from the Regional Energy Efficiency Programme, which is supported by the EBRD, the EU, bilateral donors and beneficiary countries cooperating under the Western Balkans Investment Framework.

The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The other entity is the Federation.

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