Elektrokrajna power distribution project (EBRD-47658)

Countries
  • Bosnia and Herzegovina
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 14, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ZP Elektrokrajina a.d. Banja Luka
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 16.79 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 15,000,000.00
Converted using 2016-05-18 exchange rate.
Project Cost (USD)
$ 16.79 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 15,000,000.00
Converted using 2016-05-18 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 19, 2017

Disclosed by Bank May 18, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
The EBRD is providing a EUR 15 million senior corporate loan to ZP Elektrokrajina a.d. Banja Luka, an electricity distribution company established under the laws of Republika Srpska in Bosnia and Herzegovina for the (i) reconstruction of medium and low-voltage networks, (ii) the reconstruction of substations and (iii) the introduction of smart metering in the territory covered by ZP Elekrokrajina.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
ELEKTROKRAJINA A.D. BANJA LUKA is a power distribution company servicing approximately 50 per cent of consumers (or 16 municipalities) in the Republika Srpska in Bosnia and Herzegovina. The company is majorityowned (65 per cent) by Elektroprivreda Republike Srpske (EPRS), one of the three national energy utilities 100 per cent-owned by the Government of Republika Srpska that cover electricity generation and distribution in Republika Srpska. Elektrokrajina employs some 1,700 employees and is the largest distribution subsidiary (out of a total of 5 distribution subsidiaries in EPRS).
Contact Information
Seka Kuzmanovic direkcija@elektrokrajina.com 0038751246300 0038751215610 www.elektrokrajina.com ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.