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Company Eko Energy DOO from Tešanj plans to build a small-sized hydropower plant (SHPP) worth 3.9 million marka (EUR 1.99 million), the Government of Zenica-Doboj Canton said, SeeNews reported.
The SHPP will be located on the Stavnja river, in the municipality of Vareš, 45 kilometers north of capital Sarajevo. The cantonal minister for agriculture, forestry and water management Himzo Smajić signed a 30-year concession contract with Eko Energy, the government said in a statement. Eko Energy’s director Zahir Skoljić said the company is ready to begin the construction works in the next 15 days.
Revenue of EUR 51,100 per year is expected from the concession fee, with 70% belonging to the municipality and 30% to the canton.
Zenica-Doboj is one of the 10 cantons of the Federation of Bosnia and Herzegovina, one of the two autonomous entities that make up the country. The other one is the Republic of Srpska.
