Renewables

Concession signed for Hrgud wind power plant

Hrgud

Photo: Egor Shitikov from Pixabay

Published

September 28, 2015

Comments

0

Share

Published:

September 28, 2015

Comments:

0

Share

Petar Đokić, minister of industry, energy and mining of the Republic of Srpska, and Branislava Milekić, general manager of the state-controlled power utility Elektroprivreda Republike Srpske (ERS), signed a concession agreement for the construction and operation of wind plant Hrgud in Berkovići municipality.

The value of the project located in Bosnia and Herzegovina’s south amounts to BAM 127 million (EUR 64.9 million), the entity’s government said. Đokić said the Hrgud facility will have installed capacity of 48 MW with 16 turbines.

He added it would be financed by German development bank KfW with a EUR 60 million loan, while ERS would provide EUR 4.28 million for implementation. The government completed the negotiating procedure and awarded the concession to ERS, the minister stated.

He recalled that detailed research had been performed in the region of Herzegovina, revealing the location. This will be the first facility of this type in BiH, Đokić said.

The concession has been granted for a period of 50 years. He said he expected the concrete works on the construction of that facility to be done in 2017. Milekić said the signing of the concession was a starting point towards the conclusion of an agreement with KfW.

Related Articles

alcazar energy daniel calderon western balkans belgrade energy forum 2024

Alcazar eyes new acquisitions in Western Balkans, eyes 1 GW of renewables

30 May 2024 - Alcazar Energy is developing wind farm projects with a combined capacity of almost 500 MW in the Western Balkans

Fortis Group expand presence Balkans taking over two biogas power plants Serbia Velimir Gavrilovic Belgrade Energy Forum

Fortis Group expands presence in Balkans by taking over two biogas power plants in Serbia

29 May 2024 - Fortis Group is completing the purchase of two biogas power plants in Pančevo, Serbia, COO Velimir Gavrilović announced at Belgrade Energy Forum

elixir matijas predojevic decarbonization bef 2024

Elixir’s EUR 300 million investment plan includes wind, solar, batteries

29 May 2024 - New investments will help push forward the decarbonization process in Elixir Group, started several years ago, Matthias Predojević said

NGEN s Bernard no smart grid without smart users

NGEN’s Bernard: There is no smart grid without smart users

29 May 2024 - The energy sector needs smart grids, and a smart grid does not exist without smart users, CEO of NGEN Group Roman Bernard said at BEF 2024