The European Investment Bank (EIB) will lend Bosnia’s top power utility $51.8m to assist in the construction of a 20 MW hydropower plant.

The total cost of the EPBiH-owned Vranduk hydro power plant on the Bosna River in central Bosnia is $104m and the European Bank for Reconstruction and Development (EBRD) had earlier extended a 26 million euro loan for the project.
EPBiH, which will finance the remainder of the cost, said last week it had extended until April 29 a deadline for firms looking to pre-qualify for a contract to build the plant.

Bosnia produces 40 per cent of its electricity from hydropower and the rest from coal-fired plants, making the Balkan country one of only a few in the region capable of exporting power.

EPBiH, the largest of Bosnia’s three power utilities, operates two coal-fired plants and three hydropower plants with a combined capacity of 1165 MW and 517 MW, respectively.

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