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Bosnia-Herzegovina obtains a €20m loan to modernise its telecommunications system


Written by Eric Apim on Thursday, April 14th 2022 à 16:05 | Read 886 times



The modernisation of Bosnia and Herzegovina's network will also promote the regional integration of the Western Balkans' electricity markets (photo: EBRD)
The modernisation of Bosnia and Herzegovina's network will also promote the regional integration of the Western Balkans' electricity markets (photo: EBRD)
BOSNIA AND HERZEGOVINA. The European Bank for Reconstruction and Development (EBRD) is providing a €20m loan to Elektroprenos-Elektroprijenos (TransCo) to support its investments to modernise the telecommunications system in Bosnia and Herzegovina.

Headquartered in Banja Luka and operational since February 2006, this national company has a monopoly on the transport of electrical energy produced in power plants to electricity distribution areas or large industrial consumers. In this context, Elektroprenos-Elektroprijenos has embarked on a long-term investment plan (2022-2028) with the main task of upgrading to better absorb the increase in renewable energy capacity on its network.

This includes "improving the efficiency and management of its electricity substations and distribution systems to reduce electricity losses on the grid, improve system reliability and better prepare for the integration of new intermittent renewable energy capacity", as stated in an EBRD press release published on Tuesday 12 April 2022. Bosnia and Herzegovina plans to increase the share of renewable energy in its energy mix by 2030. A legislative process is currently underway to achieve climate neutrality by 2050 and a 33.2% reduction in greenhouse gases by 2030.

Decarbonising the energy system

At the signing of the loan in Sarajevo, Mark Bowman, EBRD vice-president for policy and partnerships, stressed that "the digital element of the project is an important part of Bosnia and Herzegovina's drive to decarbonise its energy system."

The modernisation of the grid in Bosnia and Herzegovina will have implications beyond its own country. "The project should also be a step towards better integration of the regional electricity markets in the Western Balkans, helping to improve cross-border trade and the allocation of electricity transmission capacity through optimised management of the transmission network," comments Manuela Naessl, EBRD's Head of Bosnia and Herzegovina.

Elektroprenos-Elektroprijenos is in charge of connecting the electricity system of Bosnia-Herzegovina to that of the neighbouring countries and others to allow the export, import and transit of electricity.



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