EBRD intends to finance 73 MW Trebinje 1 solar energy plant project

• The European Bank for Reconstruction as well as Growth (EBRD) has an interest in providing financial support for the construction of solar power plant Trebinje 1, the first photovoltaic facility to be built by the Republic of Srpska's state power utility Elektroprivreda Republike Srpske (ERS).

The Trebinje 1 solar power plant, with a mounted ability of 73 MW and a forecasted annual outcome of 108.7 GWh, becomes part of ERS's ten-year plan to establish an overall of 1 GW of eco-friendly capability. Last year ERS was given a 50-year concession to develop as well as run Trebinje 1, whose building is anticipated to set you back regarding EUR 52 million.

The EBRD would be extremely happy to provide financial support to this project, claimed Manuela Naessl, head of the EBRD's office in Bosnia and also Herzegovina (BiH), complying with talks with ERS General Manager Luka Petrović.

Naessl said that the conversations likewise covered several renewable projects created by ERS, with the focus on solar, along with financial investment in the transmission system, according to a news release from ERS.

According to her, it is very important to enable the grid to offtake electrical energy created from renewable resources. The EBRD has supplied borrowing prior to and will remain to do so, because it is extremely crucial to decrease distribution network losses, she said.

Naessl kept in mind that it is necessary to have a strong regulative framework in the field of renewable energy, adding that the EBRD likewise intends to sustain private investors who want projects in BiH and who need a transparent framework to do business.