Biomass boiler plant will support energy efficiency in BiH town Prijedor
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a new biomass boiler plant in Prijedor, a municipality in the north west of Bosnia and Herzegovina, with a sovereign loan of up to 7 million euro. The funding, the first EBRD investment in renewable energy in Prijedor municipality, will lead to significant cost savings for Toplana AD Prijedor, the plant operator majority owned by the local authorities. The new boiler will no longer be fuelled by oil, but by wood chips, a sustainable and cheaper alternative.
The project will also be supported by grant funding of up to 2 million euro from the Swedish International Development Cooperation Agency (Sida). The funding will aim at improving the quality of customer service through the installation of individual heat substations and the introduction of heat meters. Over 13,000 people are expected to benefit from this project.
The project will help Bosnia and Herzegovina meet its renewable energy targets for 2020 as set out in the Energy Community Treaty for South Eastern Europe. The country aims at an 80 per cent reduction of CO2 emissions by that date.
To complement the investments, technical co-operation support for procurement assistance and corporate development measures is also being financed by Sida with additional resources of 550,000 euro.
”We are very pleased to be signing these agreements. This project will not only change the source of district heating for the citizens of Prijedor from polluting fuel oil to cleaner, sustainable and renewable energy, but it will also deliver real cost savings to the city and its consumers.” said Ian Brown, Head of the EBRD Office in Bosnia and Herzegovina,
”We greatly value the EBRD’s cooperation and support to help develop the municipality of Prijedor. We are proud to use innovative and efficient methods to improve the efficiency of our services”, added Bosnia and Herzegovina’s Minister of Finance and Treasury, Nikola Spiric.
”We are grateful to the Swedish government for their significant support to this investment to ensure the successful preparation and implementation of the project”, said the General Manager of Toplana AD Prijedor, Ljiljana Despotovic.
Since the start of its operations in Bosnia and Herzegovina, the EBRD has invested more than 1.6 billion euro in more than 110 projects in the country. The Bank invests in infrastructure development, support for small and medium-sized enterprise and the strengthening of the financial sector.
LATEST issue 4/2022
According to the International Renewable Energy Agency (IRENA) renewable energy already plays a significant role in SEE, in particular in the form of hydropower and bioenergy. More on the renewable energy market in the region read in the special editorial here...
The European Bank for Reconstruction and Development (EBRD) is investing EUR 60 million in a sustainability bond in Croatia. More about the large-scale project you can read in the newest issue 4/2022 of the magazine...
Romanian small businesses receive EUR 50 million support. The credit line will help expand lease financing to private businesses in the country, encouraging them to invest in high performance standards, technologies and services, enabling them to become more competitive and energy efficient...
Knauf Group, which includes Knauf Insulation Romania and Knauf Gips, two of the most important players on the construction materials market, announced its largest investment in the field in Romania over the last 5 years, worth over EUR 200 million...