The project involves the provision of a non-sovereign unsecured corporate loan of up to EUR 15.58 million to "Elektroprenos Elektroprijenos BiH" a.d. Banja Luka ("TransCo" or "client"), a transmission company in Bosnia and Herzegovina as part of a EUR 30.1 million investment program. The Bank's loan will finance the installation of variable shunt reactors in the transmission system, which will solve issues with high voltages in the 400 kV and 220 kV transmission system. The company will contribute EUR 14.3 million from its own resources. Up to EUR 260,000 of donor funds will be provided for technical assistance projects. TransCo is the transmission company covering the entire territory of BiH and a Bank client since 2006.
The transmission system of BiH has been constantly operating with high voltages over the limit defined by the Grid Code. The loan will be used for the installation of variable shunt reactors in the transmission system which will solve issues with high voltages in the 400 kV and 220 kV transmission system. The proposed installation of a variable shunt reactors system will bring numerous benefits, including: (1) improve transmission system reliability, (2) enable greater integration of renewable energy sources into the transmission system, (3) reduce active power loss, and (4) increase cross-border capacity.
As stated by the EBRD, the borrower is TransCo, a transmission company in BiH. TransCo is owned by the governments of the two entities of BiH, the Federation of Bosnia and Herzegovina (59%) and the Republika Srpska (41%). The client operates under a licence granted by the State Electricity Regulatory Commission.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||"Elektroprenos Elektroprijenos BiH" a.d. Banja Luka (TransCo)||Client||Energy|
Client - "Elektroprenos Elektroprijenos BiH" a.d. Banja Luka:
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