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

HELLENiQ Energy buys ABO Energy Hellas 1 5 GW renewables

HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

02 July 2025 - Amid a consolidation in the renewables sector in Greece, HELLENiQ Energysaid it completed the acquisition of ABO Energy Hellas

EU outlines measures for 90 emissions cut by 2040

EU outlines measures for 90% emissions cut by 2040

02 July 2025 - A proposed amendment to the European Climate Law sets a 2040 target of a 90% reduction in net greenhouse gas emissions

battery storage eu solarpower europe bess

SolarPower Europe: EU needs ten times more battery storage by 2030 to meet renewables targets

02 July 2025 - SolarPower Europe has launched an initiative called the Battery Storage Europe Platform to promote battery growth across the EU.

Solaris Holding large hybrid renewable energy park Bulgaria

Solaris Holding launches production at large hybrid renewable energy park in Bulgaria

02 July 2025 - The new Selanovtsi solar farm of 59.8 MW in peak capacity near Vratsa was installed alongside a battery energy storage system of 107.3 MWh in capacity