According to the bank website, the project includes the provision of a sovereign loan of up to EUR 7 million to the State of Bosnia and Herzegovina, to be on-lent to the Municipality of Pale ("Municipality") through Republika Srpska ("RS") and to be implemented by the municipally-owned district heating company, Gradske Toplane Pale ("the Company"). EBRD's financing will be complemented by an investment grant in the amount of up to EUR 3 million from the Switzerland's State Secretariat for Economic Affairs ("SECO").
The proceeds of the loan will be used to finance part of the modernisation programme for the district heating ("DH") system of the Municipality of Pale (the "Project"). This will include: (i) the construction of a new boiler house with the acquisition of a 10MW biomass boiler, a 10MW back-up natural gas boiler and two 100 m3 heat accumulation tanks; (ii) the replacement of the existing pipeline network as well as the installation of a central seasonal storage and heat substations with monitoring and forecasting systems; and (iii) acquisition of relevant goods and equipment (chip shredder, tractor etc).
The Project aims at significantly improving the Municipality's DH system operational efficiency while reducing air pollution resulting from the activity. The Project will also contribute to improving the Company's corporate governance practices and the DH sector in the country.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|the State of Bosnia and Herzegovina.||Client||Law and Government||owns||Gradske Toplane Pale||Contractor||Infrastructure|
State-owned company contact:
+387 57 227 033
Sprskih ratnika 54, Pale 71240, Bosnia and Herzegovina
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
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: email@example.com or you can submit a complaint online using an online form at: 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