60 million euros loan agreement for Hrgud wind farm signed – Bosnia and Herzegovina, 8 November 2017

Bosnian Minister of Finance Vjekoslav Bevanda has signed an agreement with German KfW bank on the 60 million euros loan for the construction of 48 MW Hrgud wind farm in the Republic of Srpska (RS).
Installed capacity of wind farm Hrgud, first such facility in the Republic of Srpska (RS), will be 48 MW, with the annual generation of some 126 GWh of electricity. The total investment in this project is estimated at about 63.9 million euros, of which some 60 million euros will be provided through loans by KfW Bank. In September 2015, the investor, power utility ERS, signed the concession contract for the construction and operation of wind farm with RS Government. The loan from KfW has a repayment period of 15 years, with a grace period of four years. The loan agreement has been approved by the Parliament of RS in late 2016.

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