The Government of the Federation of BiH is working to ensure continuous flow of investments in energy efficiency measures in public buildings through the Revolving Fund, which was established with the FBiH Ministry of Spatial Planning.
The revolving fund is a long-term financial mechanism that provides end users with interest-free loans in KM for the implementation of energy efficiency measures. End users of public facilities in the Federation of BiH pay the estimated amounts of financial savings into the Revolving Fund until the investment is repaid. In the first three years of operation of the Revolving Fund, we intend to implement the Operational Plan for Energy Efficiency in the FBiH Institutions, said Jasmina Katica, head of the Department for Energy Efficiency in Buildings at the FBiH Ministry of Spatial Planning, in an interview with FENA.
The operation plan will lead to savings in budgets, reduction in fossil fuels, preservation of natural resources, and opening of new jobs, namely 305 new full-time jobs per year with an average net salary of 1.7 million KM and contributions to the budget in the amount of 1.3 million KM per year.
Katica stated that the Revolving Fund for the end user's finances and implements energy efficiency measures, and the repayment of the investment is made from the estimated financial savings that are provided through the planning and execution of the budget of the given end user, and is paid on an annual basis until repayment investments from savings.
There are more than 4,000 dollars in the Federation of Bosnia and Herzegovina, which is where the financial resources are rolled over and used for new investments in the energy efficiency of public buildings.
The end user can register the increased value of their facility even before the investment is paid off and the end user can reduce costs for energy or energy products after the investment is paid off.
In cooperation with the World Bank, the German KfW and UNDP, the FBiH Ministry of Spatial Planning has secured more than 20 million KM for the functioning of the Revolving Fund.