Electricity

EKO-REM inks deal for mini hydropower plant Jabuka

EKO-REM

Published

July 12, 2016

Comments

0

Share

Published:

July 12, 2016

Comments:

0

Share

Prime minister of Bosnian-Podrinje Canton Goražde Emir Oković signed a concession contract with Mensud Pekmez, director of company EKO-REM from Sarajevo for the construction of mini hydropower plant Jabuka on the river Kolina near Ustikolina.

The contract foresees exploitation in the next 30 years and the construction of a power plant with 700 kW in capacity and annual production of 3.1 GWh.

Total investment value is estimated at BAM 2.3 million (EUR 1.2 million). According to the announcement on the regional government’s website, electricity generated in this facility will fully meet all the needs of the local population at Jabuka, as well as part of the needs in the canton. Thanks to the contract, the cantonal budget will receive BAM 42,000 (EUR 21,500) as a one-time fee, and citizens of the municipality of Foča in the Federation of Bosnia and Herzegovina and environmental associations will also have the benefit, the article said. The federation is one of two entities making up BiH.

Local firms will be hired on the construction of the mini hydropower plant, which should be completed in October. According to announcements, the investment will enhance energy stability and new employment is also planned.

So far, EKO-REM has implemented several projects in the eastern Bosnian region, including the construction of a mini hydropower plant on the river Kosovo*. Oković said the government is satisfied with the fulfillment of obligations from the previous contract.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.

Related Articles

Turkey new energy storage regulation to spur unseen investment boom

Turkey’s new energy storage regulation to spur unseen investment boom

30 November 2022 - EMRA Chair Mustafa Yılmaz said applications came in for storage in combination with renewables with a stunning 67.3 GW in total capacity

HERMANN Petr_interview_Schneider Electric BGEN

Future of successful businesses relies on their digital transformation

30 November 2022 - Digitalisation changes everything because it connects all processes and provides a complete result, notes Petr...

Serbia relies on Norwegian expertise in energy sector development

Serbia to rely on Norwegian expertise in energy sector development

30 November 2022 - Serbia received recommendations from Rystad Energy and will work by its instructions, President Aleksandar Vučić said

Greece remains world most attractive renewable energy markets RECAI

Greece remains among world’s most attractive renewable energy markets

29 November 2022 - EY kept Greece and Turkey in its Renewable Energy Country Attractiveness Index of 40 countries. In another ranking, Greece is second in the world!