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Canton grants concession for SHPP in Olovo

Published

July 28, 2015

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Published:

July 28, 2015

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As investor Energonova DOO from Sarajevo agreed to a fee of 10% and to invest at least BAM 80,000 (EUR 40,920) in village infrastructure, the authorities of Zenica–Doboj Canton approved the concession for the construction of a small hydropower plant in Petrovići in the territory of Olovo, in central part of Bosnia and Herzegovina.

The future object on Stupčanica river will also bring a one-off fee of EUR 42,260 to the region’s treasury, calculated based on the investment of EUR 2.82 million. The article on the official website of the canton adds projected capacity for the plant is 1.555 kW and that yearly generation will be up to 4.9 GWh, which would bring the yearly fee to more than EUR 30,680. The project had received goahead with its spatial documentation.

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