|Beneficiary Contribution||Own Contribution||€ 14,540,000|
|Other||Other Sources||€ 49,900,000|
|Total Grants||€ 460,000|
|Total Loans||€ 60,000,000|
JP Elektroprivreda BiH d.d. Sarajevo is one of three public power companies in Bosnia and Herzegovina responsible for the generation and distribution of electricity to domestic and industrial consumers alike. At the time of preparing the grant application to the WBIF, the company had more than 700,000 customers, located in seven cantons in Bosnia and Herzegovina. Approximately 95% of customers were charged based on electromechanical meters. More than 25% of these electromechanical meters were approximately 40 years old and hence rather unreliable. Moreover, the reading of these meters and subsequent invoicing was performed by about 200 dedicated employees, whose costs added to the electricity tariff. The remaining 5% of the meters were electronic, with some smart metering functionality, albeit the with the same reading and invoicing procedure in place.
The company has committed to installing smart meters at 80 % of customer points of connection (about. 700,000 customers) by 2020, together with an Automated Meter Reading (AMR) system, which will interface with the billing and collection system in place. The WBIF (EU) grant has been instrumental in covering the costs of the feasibility study. The investments are currently under implementation.