FBiH approves loan guarantee for Poklečani wind farm

The government of the Federation of Bosnia and Herzegovina supported the initiative of the public utility Elektroprivreda HZ HB and approved a guarantee for a EUR 150 million loan for the Poklečani wind farm project. The European Investment Bank (EIB) and the German development bank KfW intend to finance the initiative with EUR 75 million each.

Elektroprivreda HZ HB (EPHZHB) approached the Federal Ministry of Finance in July with a request to initiate proceedings to add EUR 150 million in liabilities in the form of external debt, for the EIB and KfW to finance the wind project from Poklečani.

According to the project, the Poklečani wind farm will have 20 wind turbines with a capacity of up to 6.6 MW each, or 132 MW in total. The planned annual production is 437 GWh.

The Poklečani project will have 20 turbines with a capacity of up to 6.6 MW each or 132 MW in total

The site is located in the northern part of the municipality of Posušje, in western Herzegovina. It is planned to be built in an area centered on the Štitar mountain, about 13 kilometers northeast of the town of Posušje.

The Poklečani wind farm project is included in the FBiH public investment program for 2022-2024. This was the basis for launching the initiative to obtain a loan.

The Federal Ministry of Finance has assessed the creditworthiness of Elektroprivreda HZ HB, the entity government said. The Poklečani facility is expected to increase the Mostar-based utility’s generation capacity by 14.6% and increase its annual output by around 20%.

The Poklečani project is envisioned to increase EPHZHB’s production capacity by 14.6% and increase its annual production by approximately 20%.

The FBiH Government has instructed all stakeholders, the Ministry of Finance and the Ministry of Energy, Mines and Industry, as well as Elektroprivreda HZ HB as the intended final borrower, to appoint representatives to the team that would negotiate the loan with the EIB and KfW. .

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