Transcript An overview of the EBRD - Developing Markets Associates

EBRD – Your partner in BiH
Libor Krkoska
Head of office
EBRD Bosnia & Herzegovina
18 April 2013
© European Bank for Reconstruction and Development | www.ebrd.com
EBRD in BiH at a glance
•
To date, EBRD signed over 100 projects with cumulative business volume
of close to EUR 1.5 billion
•
Mobilised total investments of EUR 3.1 billion
•
12 new projects amounting to EUR 125 million in 2012 – 33% year-on-year
increase.
•
Record disbursements of EUR 165 million in 2012 – almost 70% year-onyear increase.
•
Most projects signed in 2012 were in the private sector.
•
2013 core pipeline of Euro 180 million in 18 individual projects.
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Bosnia and Herzegovina:
EBRD portfolio by sector
Industry,
Commerce &
Agribusiness
7%
Financial
Institutions
21%
Infrastructure
65%
Energy
7%
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EBRD Energy Sector Financing
• Cumulative EBRD financing to
power & energy projects since 1992
is €8.2 bn across 172 projects with
€28.5 bn total value
Financing by Sector (2009-2012)
Renewable
Power
21%
Natural Gas
Distribution
2%
Electric
Power
Distribution
12%
• In 2012 invested over €1.1 bn in 24
projects with a total value of €3.2 bn
Electric
Power
Transmission
8%
• In the last five years, number of
projects per year has tripled and
annual business volume has
quadrupled
Electric
Power
Generation
57%
• Renewables represent an
increasing portion of total financing,
comprised primarily of wind and
hydro but also including biomass
and solar
Unaudited as at 31 December 2012
Note: Renewable power does not include large hydro.
Source: EBRD data
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Focus on renewables
• In 2012 the EBRD signed €304 mln
of financing for 14 renewables
deals with a total gross project
value of €959 mln
Renewables financing by
Region (2009-2012)
Poland
29%
• Award winning transactions include
the following windfarms: St Nikola
(Bulgaria), Rotor (Turkey) and
Margonin (Poland)
Turkey
20%
Baltics
6%
Ukraine
2%
Romania
16%
Western
Balkans
11%
Other Central
Europe
12%
• Technologies financed to date
include wind (77%), hydro (10%),
biomass (7%) and solar (0.5%).
Hydro includes greenfield small
hydro, but not large hydro.
Mongolia
4%
Unaudited as at 31 December 2012
Note: Renewable power does not include large hydro.
Source: EBRD data
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Key issues for financing
• Sector issues – tariff levels, consumer payment discipline
• Project issues – cost, technology, risk
• Contractual arrangements – balance of risk between the
sponsor and contractor
• Government support – is there government support for the offtaker and for other contractual obligations?
• Legal framework – is the legal framework enforceable? dispute
resolution? changes in law?
• Regulatory framework – is their independent regulation of the
sector?
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EBRD’s Sustainable Energy
Initiative
• The Initiative in the Western Balkans includes:
– Western Balkans Sustainable Energy Direct Financing facility
(WeBSDEFF) – an investment facility of up to € 100 million to provide
direct lending for energy efficiency and small renewable energy projects
in the Western Balkans region. Loans in range of € 2 - 6 million.
– Western Balkans Sustainable Energy Credit Line Facility (WeBSEFF)
– a credit line facility of up to € 60 million for financing industrial energy
efficiency and small renewable energy projects through Participating
Banks (in BiH, FYR Macedonia and Serbia). Loans of up to € 2 million.
– Institutional capacity building component of up to € 3.5 million to
address regulatory deficiencies and other obstacles to the development
of the market for sustainable energy projects.
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WeBSEFF Regional achievements
127 projects; EUR 52.7 mln
Total CO2 savings
131,689 t/yr
Total energy
savings
461,205 MWh/yr
Renewable Energy
Production
52,807 MWh/yr
Current pipeline
value
EUR 7.1 mln
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WeBSEFF achievements in BiH
55 projects; EUR 13.3 mln
Total CO2
savings
18,167 t/yr
Total energy
savings
46,162 MWh/yr
Current
pipeline value
EUR 1.7 mln
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Project breakdown - Bosnia and
Herzegovina
41 EE Projects
10 RE Projects
4 Combined (EE/RE)
Projects
Total of 55 projects,
of which
Raiffeisen Bank: 37
UniCredit Bank: 18
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Case studies – Bingo
Type of project
• Renewable Energy/ Energy Efficiency – Implementation
of IEE measures in several BINGO outlets
Region
• Bosnia and Herzegovina
Project goals
• Increase energy savings
• Improve equipment reliability
• Reduce maintenance costs at existing outlets
• Reduce operating costs
Skylights at an already existing BINGO outlet
Main investments
• Lighting
• Refrigeration system
• Insulation panels
• Skylights
• Heat pumps- space cooling and heating
Investment size
Fan coils
Air curtains
Approximately € 5.4 million
Expected operational results
• Primary energy savings: 15,477 MWh
• CO₂ emission reduction: 4,700 t/year
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Case studies – Natron Hayat
Type of project
• Renewable Energy – Construction of a new biomass CHP
plant to replace an existing coal-fired power plant
Region
• Bosnia and Herzegovina
Project goals
•Utilize company’s biomass waste as fuel
•Reduce environmental impact of the wood waste
•Reduce operating costs related to energy (electricity and
steam)
•Subject to availability of green feed-in-tariff the company
can generate significant income from sale of electricity to
the grid
Main investments
• Biomass-fuelled boiler and steam turbine
Project size
€ 11 million
Expected operational results
• Generate electricity and steam for its manufacturing
process
• Sell surplus electricity to the grid
• CO₂ emission reduction: 275.000 t/year
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EBRD Bosnia and Herzegovina
Contact details
Libor Krkoska, Head of Office
Tel: +387 33 667 945
Fax: +387 33 667 950
Email: [email protected]
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