The government of Canton 10 in the Federation of Bosnia and Herzegovina has approved the text of a concession agreement for the construction of a 54.6 MW wind farm in the municipality of Kupres.
The 30-year concession agreement was concluded with a Posušje-based firm called Koncig, and the locations of the wind farm are Debelo brdo and Turska mala.
The concession period is 30 years, with an annual fee at 1.5% of the revenue
The initial concession fee is EUR 12,300 and the annual fee will be equal to 1.5% of the total gross income from electricity production, according to a press release from the cantonal government.
The investment is estimated at about EUR 77 million
According to earlier reports, it would be one of the largest wind farms in Bosnia and Herzegovina, and it is expected to cost some EUR 77 million.
The wind farm should generate 150 GWh a year
The planned annual electricity output at the Kupres wind farm is 150 GWh.
The construction of the facility was initially planned to begin in 2016, and it was targeted for completion by 2017, but the project was delayed due to administrative procedures, according to earlier reports.
The Federation of BiH or FBiH is one of the two entities making up Bosnia and Herzegovina and it consists of ten cantons. The other part is called the Republic of Srpska.