EPBIH Solar Transition Programme

passed final review, pending approval

EBRD secured senior loan of €50 million to public electricity generation utility JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo ("EPBiH" or the "Company") for the development, construction, and operation of eight solar photovoltaic plants (85MWp in total) located at Zivnice, Mostar and Breza (the "Project"). The total financing will be sized to cover the estimated €80.8 million capex of the project as well as the costs of lenders' advisors and is expected to be co-financed by EBRD and a commercial bank via a parallel loan. The Project will be procured and financed in two tranches: i) first tranche will include three solar photovoltaic plants (Gornja Breza, Visca, Podvelezje - 28 MWp in total) and ii) second tranche will include five solar photovoltaic plants (Bedrok 1,2 & 3, Banovici Selo, Potocari - 57 MWp in total). The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus (EFSD+) Hi-Bar guarantee programme. The programme contributes to economies in the European Neighbourhood by supporting sustainable investments in energy transition.