Sarajevo, 20.11.2018 The Federal Government has approved a loan for the Federation of BiH under the Loan Agreement between BiH and the International Bank for Reconstruction and Development (IBRD), a World Bank institution, for the implementation of the Bosnia Energy Efficiency Project in the amount of slightly over 16 million euros. This makes up 60 percent of the total amount of approved funds for BiH which amounts to almost 30 million euros.
The development goal of this project is to demonstrate the advantages of improving energy efficiency in public sector facilities and to support the development of flexible finance models. In the past two years within the BEEP project, 37 facilities from the public sector have been renovated, of which 24 are educational institutions, 8 are health institutions, and 5 are public facilities. Through the implementation of energy efficient measures, a total of 18,347,847.22 KM was invested, while savings are estimated at 2,022,270.1 KM, and CO2 emissions were reduced by 4,900.6 (t /yr).
In addition to financial savings, significant social benefits such as warmer rooms, better lighting and better air quality were achieved. This contributes to reducing health problems and improving conditions for users. Ultimately, it is estimated that 400,000 people have benefited from the implementation of energy efficiency measures in public sector facilities in the Federation of BiH.
The loan has been approved with a maturity of 32 years, with an additional seven-year grace period.