EBRD Funds Energy Efficiency in Bosnia and Herzegovina
19 January 2012: The European Bank for Reconstruction and Development (EBRD) has announced it will finance the implementation of energy saving measures in Bingo stores, one of the lead retail chains in Bosnia and Herzegovina.
In the context of an effort to further promote energy efficiency, the EBRD is providing a €5.4 million loan, part of the Bank's Western Balkans Sustainable Energy Direct Financing Facility (WeBSEDFF), to Bingo's subsidiary, Hekom, which manages the company's energy efficiency programmes. WeBSEDFF is dedicated to financing medium-sized renewable energy projects and energy efficiency projects. To date, WeBSEDFF has financed eight projects in the region for a total loan volume of €29.4 million.