Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Bosnia and Herzegovina

Geographic location where the impacts of the investment may be experienced.

Specific Location

Zivnice, Mostar and Breza

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

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

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jul 23, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo (EPBiH)

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 57.99 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 50
Converted using 2025-06-23 exchange rate.

Loan Amount (USD)

$ 57.99 million

Project Cost (USD)

$ 93.71 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 24, 2025

Disclosed by Bank Jun 23, 2025

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

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the bank, the project consists of an EBRD secured senior loan of EUR50 million to public electricity generation utility JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo (EPBiH) for the development, construction, and operation of eight solar photovoltaic plants (85MWp in total) located at Zivnice, Mostar and Breza. The total financing will be sized to cover the estimated EUR80.8 million capex of the project as well as the costs of lenders' advisors and is expected to be co-financed by EBRD and a commercial bank via a parallel loan.

The Project will be procured and financed in two tranches: i) first tranche will include three solar photovoltaic plants (Gornja Breza, Visca, Podvelezje - 28 MWp in total) and ii) second tranche will include five solar photovoltaic plants (Bedrok 1,2 & 3, Banovici Selo, Potocari - 57 MWp in total).

The project objective is the acceleration of EPBiH renewable investments, supporting a progressive implementation of the Company's ambitious decarbonisation agenda. The majority of the portfolio will be developed on decommissioned and recultivated coal mine sites, creating alternative employment opportunities in these Bosnian regions historically heavily reliant on coal mining. This is only the second large scale solar PV investment progressed by the Company and another very meaningful future contributor to avoided greenhouse gas emissions, as well as important electricity generation source during summer peaks allowing for greater availability of water for climate change adaptation. This will assist the country in its low-carbon transition and commitment to align with the Paris Agreement.

The Project will add up to 0.9% of yearly national electricity generation to the Bosnia and Herzegovina power system.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, JP ELEKTROPRIVREDA BIH DD EPBiH is a public electricity generation utility company serving around 50 per cent of the population of Bosnia and Herzegovina. The Company generates around 25 per cent of its electricity production from large hydro power plants and the rest from thermal power plants. The Company is a Joint Stock Company listed on the Sarajevo Stock Exchange (SASE), majority owned and controlled by the Federation of Bosnia and Hercegovina (90 per cent).

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	JP ELEKTROPRIVREDA BIH DD	Client	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo:

Selma Suljevic
Email: s.suljevic@epbih.ba
Phone: +38733751041
Fax: +38733751033
Website: www.epbih.ba
Address: Vilsonovo setaliste 15, 71000 Sarajevo, Bosnia and Herzegovina

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com 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: pcm@ebrd.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