Elektro-Bijeljina smartmetering expansion (EBRD-49203)

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
Sep 19, 2018
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
ZEDP ELEKTRO BIJELJINA AD BIJELJINA
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Construction
  • 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)
$ 9.02 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 7,500,000.00
Converted using 2017-08-29 exchange rate.
Project Cost (USD)
$ 18.04 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 15,000,000.00The full amount of the proceeds w
Converted using 2017-08-29 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 14, 2017

Disclosed by Bank Aug 29, 2017


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Project Description

This project finances ZEDP Elektro Bijeljina to install new cables and substations, and improve the quality of supply by reconstructing networks, replacing substations, and facilitating new renewable connections.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)

This loan will be divided into two parallel tranches: one provided by the EBRD, and the second a concessional tranche provided by the Green Energy Special Fund, a Special Fund established and administrated by the EBRD with the contribution of the Taiwanese International Cooperation and Development Fund (TaiwanICDF) to support projects related to investments in efficient energy technologies.

Contact Information

Nedeljko Coric, General Manager
elektrobn@elektrobijeljina.com
0038755226700
0038755210304
www.elektrobijeljina.com
Majevicka 97 76300 Bijeljina Republika Srpska Bosnia and Herzegovina

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.