Germany's KfW lends €60 million to Hrgud wind farm project in Bosnia
Bosnia's Council of Ministers has recently reached an agreement with KfW Bankengruppe, a German government-owned development bank, for the financing of the 48 MW Hrgud wind farm project in Bosnia's Serb Republic.
The loan will amount €60 million (US$66 million) and it has a repayment period of 15 years with a four-year grace period. The total project investment is estimated at US$72.7 million. Elektroprivreda Republike Srpske (ERS) will provide US$6.7 million in equity.
The 50 year concession to build and operate the new facility was awarded to the Serb Republic's power utility Elektroprivreda Republike Srpske. The project's feasibility study was carried out by COWI and it was funded by KfW.
The wind farm will comprise 16 turbines of 3 MW each and it will be built in the municipality of Berkovici, Serb Republic.The project is expected to produce 125.9 GWh per year.
Country news
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March 07, 2016
Bosnia negotiates loan for wind farm
Bosnia's Council of Ministers is negotiating with KfW Bankengruppe, a German government-owned development bank, to close project financing for the 48 MW Hrgud wind farm. Read more -
January 22, 2016
Bosnian canton tenders wind energy concession
The government of Bosnia's Una-Sana Canton has launched a tender process to develop a 40 MW wind farm in the Bihac municipality. Read more
