SARAJEVO (Bosnia and Herzegovina), March 31 (SeeNews) - Bosnia's Council of Ministers approved a 36 million euro ($39.2 million) loan from the European Investment Bank (EIB) to finance the construction of the Vlasic wind farm, it said.
The repayment period of the loan will be 20 years, including a four-year grace period, the Council of Ministers said in a statement on Thursday.
The funding will be provided to the Federation. The project, implemented by power utility Elektroprivreda BiH, is expected to begin in 2024.
The wind farm, which should be built on the Vlasic plateau, in central Bosnia, will have an output capacity of up to 50 MW.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other entity is the Serb Republic.
($ = 0.91897 euro)