HPP¨Vranduk¨ and the capacity expansion of HPP ¨Una Kostela¨
Dr. Elvedin Grabovica, General manager of JP Elektroprivreda BiH and Libor Krkoska , Director of the EBRD Office in BiH , signed Loan Agreement for realisation of the project for construction HPP „Vranduk“ and the capacity expansion of HPP „ Una Kostela „ in value of € 35 million . The loan was signed on October 30th in the presence of Nermin Nikšič , Prime Minister of Federation BiH .
The EBRD's loan in amount of 35 million Eur is the first corporative credit approved to EPBiH , the first non- sovereign quaranteed commercial loan This loan is also the first loan Elektroprivreda BiH for construction of new generation facilities in the last 30 years .
0f the approved credit amount for construction of HPP „ Vranduk“ have been planned funds of 26 million Eur and for HPP „Una Kostela „ planned amount is 9 million Eur .
„ This loan EBRD will reinforce credibility and reputation of JP Elektroprivreda BiH on international financial markets ,while partnership with EBRD what implies more regulations of corporation governance , financial discipline as well as financing of environmental and social sustainable projects , will strengenth our position in realisation of other capital projects .¨ said dr. Elvedin Grabovica, General manager of JP EPBiH, after signing the Loan Agreement .
Refering to the cooperation with JP EPBiH , Libor Krkoska, director of the Office of European Bank for Reconstruction and Development in BiH said : „This loan represents the first major capital investment by EP BiH in renewable sources of energy in over 30 years „.