Bosnia and Herzegovina

Map of Bosnia and Herzegovina

Country Initiatives Details

Energy Efficiency Investment in Bosnia and Herzegovina

Canada’s Total Contribution: $10,000,000

Targeted Countries: Bosnia and Herzegovina

Funding Period: 2010/2011

Project Funded through a Canadian Facility: IFC - Canada Climate Change Program (CCCP)

Delivery Partner(s):

Description

The IFC-Canada Climate Change Program provided support to a soda ash producer in Bosnia and Herzegovina, to improve resource and energy efficiency practices as part of the facility expansion plan. In particular, program funds will finance an energy efficient fluidized bed boiler.

Results/Expected Outcomes

The installation of an energy efficient fluidized bed boiler is expected to improve the efficiency of steam power generation by 15 percent and reduce electricity consumption by 50 percent. With support from Canada, this project is expected to mobilize an additional $60 million in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 40,000 metric tons of CO2 per year.*
Co-Financing/Mobilized Finance (CAD$): $60,000,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *: 40,000

Sustainable Energy Financing in Bosnia and Herzegovina

Canada’s Total Contribution: $2,730,000

Targeted Countries: Bosnia and Herzegovina

Funding Period: 2010/2011

Project Funded through a Canadian Facility: IFC - Canada Climate Change Program (CCCP)

Delivery Partner(s):

Description

The IFC-Canada Climate Change Program contributed much-needed long-term funding for the underserved renewable energy segment of the economy in Bosnia and Herzegovina. This financing will help a private sector bank introduce a new lending product and create a pipeline for renewable energy and energy efficiency investments.

Results/Expected Outcomes

The implementation of the project is expected to create a demonstration effect through continuous support to one of the major banks in Bosnia and Herzegovina, which will build confidence within the Bosnian financial sector. In addition, it expected to contribute to economic growth and poverty reduction by helping to create employment opportunities. With support from Canada, this project is expected to mobilize an additional $2.73 million in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 17,000 metric tons of CO2 per year.*
Co-Financing/Mobilized Finance (CAD$): $2,730,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *: 17,000
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