News

Basketball player invests in small hydropower plants

Published

December 9, 2015

Comments

0

Share

Published:

December 9, 2015

Comments:

0

Share

Mirza Teletović and his family recently registered their company Eko-wat in Jablanica with the aim to start an investment of BAM 10 million (USD 5.56 million), portal Klix.ba reported.

Salem Dedić, the mayor of the town in Herzegovina region’s north, said the basketball player’s projects received necessary permits and that the construction of two small hydropower plants could start in 2016. The concession still needs to be followed by the environmental licence, issued by the Ministry of the Environment and Tourism of the Federation of Bosnia and Herzegovina, one of the country’s two entities. According to the spatial plan, there is possibility for construction of two more mini systems.

The Teletovićs plan to build the facilities in the river Doljanka, helped by a consultant firm from capital Sarajevo. The NBA player is placing the biggest investment in his hometown of all its athletes, according to Dedić. “He has various visions on investing in Jablanica and we will support and follow him in that,” the municipality chief added.

Related Articles

Global utilities scale renewables capacity 2 5 times 2030

Global utilities vow to scale renewables capacity by 2.5 times by 2030

22 April 2024 - Utilities in UNEZA are accelerating grid investment. Member utilities vowed to lift their renewables capacity by 2.5 times to 749 GW by 2030.

Earth Day 2024 Planet vs. Plastic

Earth Day 2024: Planet vs. Plastics

20 April 2024 - The Earth Day has been celebrated every April 22 since 1970. This year’s theme is...

Record low power prices and curtailments threaten renewable investments in Greece, Spain

Curtailments, record-low power prices threaten renewables investments in Greece, Spain

20 April 2024 - Renewable energy developers have underestimated the effects of curtailments and low wholesale prices

north macedonia power exchange memo coupling eu brussels shutinoski

North Macedonia eyes first market coupling with some EU member state in 2026

19 April 2024 - Coupling electricity markets with EU countries is very important for the EU membership candidate states, MEMO CEO Simon Shutinoski said