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Bosnia granted EIB loan to upgrade its power supply system

ZAGREB/BRUSSELS, Jan 11 (Hina) - The European Investment Bank (EIB) has granted Bosnia-Herzegovina a EUR103 million loan for the upgrading of its hydroelectric power plants and power supply system, it was reported in Brussels on Thursday.
ZAGREB/BRUSSELS, Jan 11 (Hina) - The European Investment Bank (EIB) has granted Bosnia-Herzegovina a EUR103 million loan for the upgrading of its hydroelectric power plants and power supply system, it was reported in Brussels on Thursday.

The loan will be used for measures aimed at ensuring more rational spending of electricity by reducing power losses, increasing energy efficiency, cutting management and maintenance costs, improving the quality of electricity, and improving the power supply system.

The loan will be used to finance the making of designs, supplies and equipment for facilities which make up the power supply system, as well as for eight hydro power plants with the overall capacity of some 2,800 megawatts.

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