Renewables

ERS inks concession for hydro project Buk Bijela

Published

June 3, 2016

Comments

0

Share

Published:

June 3, 2016

Comments:

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

Turkish company Zorlu Energy IPO renewables subsidiary

Turkish company Zorlu Energy initiates IPO of its renewables subsidiary

23 February 2024 - Zorlu Renewables, the largest geothermal power plant operator in Turkey, is preparing for a stock market debut

EIB-Global-loan-EPBiH-for-Vlasic-wind-power-plant

EIB Global approves loan to EPBiH for Vlašić wind power plant

22 February 2024 - EIB Global formally approved a EUR 36 million loan for the Vlašić wind power project near Travnik in Bosnia and Herzegovina

bulgaria solar eso grid

Bulgaria to add 1,500 MW of solar power capacity in 2024

22 February 2024 - Dimitar Zarchev said there is a need for flexibility capacity for times of surplus production of energy, to use it when it is needed

Djedovic Dedovic Serbia billions under our feet strategic minerals

Serbia’s Đedović: We have billions under our feet in strategic minerals

22 February 2024 - Strategic minerals must be used in the best interest of the economy, according to Serbia's Minister of Mining and Energy Dubravka Đedović