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EBRD lends €20mn to upgrade Bosnia’s electricity transmission grid

20/4/2022

Signing of the €20mn EBRD loan agreement Photo: EBRD
Signing the €20mn EBRD loan agreement – Top: EBRD Vice President Mark Bowman. Bottom, left to right: Matan Zaric, TransCo; Manuela Naessl, EBRD Head of BiH; Cvjetko Zepinic, TransCo Photo: EBRD

The European Bank for Reconstruction and Development (EBRD) is lending €20mn to Elektroprenos-Elektroprijenos (also known as TransCo), Bosnia and Herzegovina’s transmission system operator, for the modernisation and upgrading of its core telecommunications systems, which will help the company improve the efficiency and management of its electricity substations and distribution systems.

In turn, this is expected to reduce grid electricity losses, improve system reliability and increase readiness for integrating additional intermittent renewable energy capacity, thereby resulting in lower carbon emissions in the country.

 

‘The project’s digital element is an important part of Bosnia and Herzegovina’s drive towards decarbonising its energy system,’ says Mark Bowman, EBRD Vice President, Policy and Partnerships. ‘The project is also expected to be a step forward towards the improved integration of Western Balkans regional electricity markets, helping improve the cross-border trade and allocation of electricity transmission capacity via the optimised management of the transmission network.’

 

Bosnia and Herzegovina is looking to increase the share of renewable energy in its generation mix before 2030, and is currently going through a legislative and consultative process on how to deliver on climate commitments, which include carbon neutrality by 2050 and a 33.2% reduction in the country’s greenhouse gas emissions by 2030.

 

The project forms a key part of TransCo’s long-term capital investment plan for 2022–2028, and will enable the company to make full use of its supervisory control and data acquisition (SCADA) system.

 

A leading climate investor, the EBRD aims to align all its operations with the goals of the Paris Agreement by 2023 and make more than half its investments green by 2025.