TERRA.WIRE
Germany finances Bosnian energy sector
SARAJEVO, July 2 (AFP) Jul 02, 2009
Germany will help Bosnia to develop its energy sector and improve environmental standards with financing worth 53.5 million euros (74.9 million dollars), the government said Thursday.

Under a deal signed in Sarajevo the financing will comprise 22.5 million euros in grants, as well as favorable loans totalling 31 million euros from state-owned German bank KfW, a finance ministry statement said.

The funding is to be allocated towards the building of Bosnia's first wind farm, improvements in waste water disposal and upgrading hydro-power plants and the country's power distribution network.