Renewables

ERS inks concession for hydro project Buk Bijela

Published

June 3, 2016

Comments

comments icon

0

Share

Published:

June 3, 2016

Comments:

comments icon

0

Share

The Government of the Republic of Srpska signed an agreement with a consortium organized by state-owned utility Elektroprivreda Republike Srpske (ERS) and its subsidiary Hidroelektrane na Drini from Višegrad, for the construction and operation of hydropower plant Buk Bijela. The project worth BAM 382.4 (EUR 195.1 million) on the Drina river in Bosnia and Herzegovina’s southeast is planned for installed capacity of 93.52 MW.

Petar Đokić, entity minister of industry and energy, vowed to protect national resources and add to their value. He expressed hope the project will be complete before the deadline, set to last for 12 months for preparation and another five years for the construction. The concession is for 50 years with a fee of 3.6% of income. The one-off fee is EUR 390,300.

The minister said the authorities will consider the possibilities for the other three hydroelectric projects on the Drina in the area – Foča, Paunci and Sutjeska. The plans for Buk Bijela were initiated in 1974.

ERS chief executive Željko Kovačević said his company participates with 20%, while the subsidiary holds 80% of the endeavour. Research, studies, documentation and land expropriation were financed with EUR 8.5 million.

Related Articles

croatia hep floating solar hpp dubrava

Croatia’s HEP to install first floating PV plant on reservoir of HPP Dubrava

07 May 2025 - State-owned company Hrvatska Elektroprivreda (HEP) has already installed one photovoltaic facility near its HPP Dubrava

EU outlines measures end Russian gas oil imports end 2027

EU outlines measures to end Russian gas, oil imports by end-2027

07 May 2025 - The European Commission aims to stop by 2027 the purchases of Russian gas, including LNG, and oil, and phase out nuclear fuel imports

Belgrade Energy Forum 2025 BEF 2025 EU Southeast Europe

Belgrade Energy Forum 2025 – top delegations coming from EU, Southeast European countries

07 May 2025 - Belgrade Energy Forum 2025 features eight panel discussions and more than 50 speakers: distinguished energy experts and representatives of energy companies

Global solar power capacity hits 2 2 TW in 2024 Turkey among top growers

Global solar power capacity hits 2.2 TW in 2024, with Turkey among top growers

06 May 2025 - The world added 597 GW of photovoltaic capacity last year, achieving an astounding 36% rate of growth, SolarPower Europe found