| Project Detail |
Location: Croatia Project number: 52803 Business sector: Energy Notice type: State Environmental category: B Approval date: 07 Sep 2022 Status: Concept Reviewed PSD disclosed: 25 May 2022 Project Description The EBRD is considering arranging an A/B loan of EUR 300 million to Hrvatska Elektroprivreda d.d. (HEP), Croatias national energy company. Proceeds of the loan will be used to finance investments in various business areas, more specifically: construction of five solar power plants with total capacity of up to 130 MW; implementation of smart metering; modernization and extension of the electricity distribution infrastructure and replacement of obsolete distribution transformers. Project Objectives The loan proceeds will be used predominantly for financing of construction works and installation of the required equipment as well as procurement of goods, all of which will be procured under the EBRDs procurement policies and rules. |
