World Bank to increase funding for Bosnia Energy Efficiency Project

World Bank to increase funding for Bosnia Energy Efficiency Project

The World Bank is ready to support Bosnia Energy Efficiency Project (BEEP) with further investments and advisory, said Jary Vayrynen, task team leader for the endeavour financed by the domestic government through loans from the international finance institution and the International Development Association. The project is funded with USD 32 million (EUR 28.8 million). Performances are satisfactory, with good work by the implementation unit, Vayrynen said during the visit of local officials of the World Bank to the Ministry of Physical Planning of the Federation of BiH, which was allocated with 17.28 million for implementation.

Josip Martić, the federal minister, met the representatives of the bank including Mustafa Čopelj, head of its project for the entity, and Adnan Efendić, chief of BEEP’s board. “We are more than satisfied with the dynamics and the implementation of the project, especially given the delays due to procedural reasons. Along with the activities related to reconstruction of public facilities, through this project it is also important to implement the mechanism of sustainable funding system out of savings realized exactly from energy efficiency. In the future, it would be good to also create similar projects for citizens and residential buildings, where there is a great potential for making savings,” Martić said.

A visit to University Clinical Center Sarajevo (UKCS) was also organized, with a tour of the Orthopedics and Traumatology Clinic, facility already under reconstruction. Representatives of the World Bank met with the representatives of the medical complex, who revealed plans for infrastructure projects.

“Measures of energy efficiency at three clinical centres (Mostar, Tuzla and Sarajevo) are currently in the process of implementation. Specifically, at the Orthopedics and Traumatology Clinic of UKCS, construction works take place as planned, with the full support of users. So far, 95% of hatches have been replaced, 50% of façade works are completed, and in the following days, installation of thermostatic valves is planned. We note that the works are carried out professionally, in accordance with professional standards, and that high-quality material, windows and doors are in the process of mounting,” Čopelj said.

Renewable Energy Projects in Bosnia and Herzegovina

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