Bosnia and Herzegovina (BiH) is receiving up to €8.5 million (£6.6m) to support critical upgrades for sustainable and efficient operation of its electricity transmission grid.
The financing will be used to replace and upgrade the outdated energy management system, introduce new IT systems and build necessary infrastructure.
The project is expected to help reduce both technical losses in the system and the carbon intensity of the BiH energy sector, according to the European Bank for Reconstruction and Development (EBRD).
Ian Brown, Head of the EBRD office in Bosnia and Herzegovina said: “This is an important project which will significantly improve the reliability of the country’s power system and reduce power losses and carbon emissions. It will help Bosnia and Herzegovina on its path to meeting EU standards in the power sector.”
The EBRD has invested around €1.8 billion (£1.4bn) in more than 127 projects in the country.