Electricity

China inks first deal for three HPPs in Srpska in BiH worth EUR 100 million

hydropower

Photo: Government of the Republic of Srpska

Published

December 6, 2019

Comments

0

Share

Published:

December 6, 2019

Comments:

0

Share

Prime minister of the Republic of Srpska Radovan Višković has reached the initial agreement on installing three hydropower plants on the Bistrica river with 45 MW in combined capacity. AVIC-ENG – China National Aero-technology International Engineering Corp. accepted the assignment and its chairman Suo Shuhe signed the agreement.

During a working visit to the world’s second-largest economy, Višković said the Bistrica project is worth EUR 100 million. He added the next step is to produce a feasibility study for the hydropower plants and that the responsible bodies would apply for a loan with it. The prime minister revealed the deadlines in the contract for the said phase are from half a year to nine months.

Airport and pipe factory also in play

The two sides agreed that, when works commence, the Chinese giant would begin the construction of a plant which would manufacture pipes in the nearby town of Foča in Bosnia and Herzegovina’s southeast, he said. In Višković’s words, AVIC will cover the feasibility study for the construction of an airport in Trebinje and, if the endeavour is accepted, a joint enterprise founded by both governments would run the transport unit.

He was the head of the delegation which included minister of energy and mining Petar Đokić and the chief executive of state-owned energy utility ERS, registered as Mješoviti holding Elektroprivreda Republike Srpske matično preduzeće a.d. The prime minister of the smaller entity of Bosnia and Herzegovina has also met with the representatives of Industrial and Commercial Bank of China Ltd., better known as ICBC.

ICBC floated as possible lender for hydropower units

The government in Banjaluka is waiting for a response from the lender, one of the biggest ones in the world, he asserted and added that the responsible institutions would begin to work on the documentation necessary to obtain the funds for the hydropower plants.

Višković said AVIC would be in full control of pipe manufacturing and that a major part of it would be for the three units. He stated that he suggested to the future partners to also produce pipes for natural gas but also flat glass from the quartz sand in the depozit at Bratunac in the Balkan country’s east. On top of that, he acknowledged that he and other officials proposed to their hosts to launch cooperation between the domestic defense contractors and AVIC’s businesses in the same segment.

China allocated funds for grants for Srpska

The prime minister stressed discussions should be held about the grants prepared by China for BiH and the Republic of Srpska. He said the items in the budget of the most populous country are separated.

Srpska is planning to build facilities Buk Bijela, Foča and Paunci, with a total size of 180 MW, together with Serbia. It inked a memorandum of understanding for the three hydropower plants in 2017 with AVIC.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

WindEurope EU elections center right expected partly revise European Green Deal

WindEurope on EU elections – center-right expected to partly revise European Green Deal

19 June 2024 - Electricity-intensive industry and WindEurope are seeking assurances on the European Green Deal from EU leaders, following the elections

OMV Petrom sustainable fuels green hydrogen Romania

OMV Petrom to produce sustainable fuels, green hydrogen in Romania

19 June 2024 - The Petrobrazi refinery will become the first major producer of sustainable fuels in Southeast Europe, OMV Petrom said

DTEK subsidiary DRI buys 126 MW solar power project Romania

DTEK’s subsidiary DRI buys 126 MW solar power project in Romania

19 June 2024 - Renewable energy company DRI acquired its third project in Romania. The Văcărești solar farm is planned to have 126 MW in capacity.

iberdrola-hybrid-wind-hydro-portugal

Iberdrola plans Portugal’s first wind-hydro hybrid power project

18 June 2024 - A 274 MW wind farm will be linked to the Tâmega hydropower complex in Portugal's biggest hybrid energy project, says Iberdrola