Electricity

EUR 200 million HPP Dabar project draws 19 expressions of interest

Photo: Pixabay

Published

July 25, 2018

Comments

comments icon

0

Share

Published:

July 25, 2018

Comments:

comments icon

0

Share

Hidroelektrana Dabar, part of hydropower plant operator Hidroelektrane na Trebišnjici (HET), has received 19 expressions of interest (EOI) in a turnkey/engineering, procurement, and construction (EPC) contract for a 160 MW Dabar hydropower plant (HPP Dabar), said Željko Zubac, acting general manager of Hidroelektrana Dabar.

The 19 expressions of interest in the HPP Dabar project came from nine countries, including China, France, Spain, Turkey, Italy, Bulgaria, the Czech Republic, and the U.S., Zubac said, Nezavisne Novine reported.

The next step is for the Republika Srpska government to approve launching a tendering procedure in line with the public-private partnership (PPP) law, for one of the 19 companies that submitted the EOIs to be selected as the contractor, according to Zubac.

If all goes to plan, construction will be completed within the next four years at the latest, he said.

The estimated value of the project to build and finance HPP Dabar’s remaining facilities is around EUR 200 million, according to the text of the invitation of EOIs, posted earlier by HET, a subsidiary of Elektroprivreda Republike Srpske (ERS), the power utility of Republika Srpska, the Serb entity of Bosnia and Herzegovina.

Under the preferred financial model, Hidroelektrana Dabar’s future project partner would secure a loan to cover at least 85% of the project cost against a guarantee from the Republika Srpska government. The loan would be repaid in cash or electricity over 15 years, following a 4-year grace period. The interest rate would be at around 3%, according to the text of the invitation.

Hidroelektrana Dabar, which would cover the rest of the project cost from own sources, would own 100% of the 160 MW hydropower plant on the Trebišnjica river. The company has already completed preparatory works for the project.

The 160 MW plant, part of a wider Gornji Horizonti hydropower project, would boost HET’s power production by about 50%.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Alarming rise in unpaid bills from electricity consumers in Greece

Alarming rise in unpaid bills from electricity consumers in Greece

17 May 2025 - A steep rise in arrears was recorded last year in the Greek electricity supply market with EUR 1 billion more than 2023

Wind farm project Cyprus rejected protect birds habitats

Wind farm project in Cyprus rejected to protect birds, habitats

17 May 2025 - The Department of Environment of Cyprus scrapped a proposal for a wind power plant partly within or near protected areas

Hidroelectrica contractor PV systems 20 hydropower plants

Hidroelectrica picks contractor for PV systems on 20 hydropower plants

16 May 2025 - Hidroelectrica hired Servelect and subcontractor Electroplus to install solar panels on the roofs of 20 hydropower plants on the Olt river

Zivkovic EPS BEF 2025 Weakness in Serbian energy system is no option

Živković, EPS: Weakness of Serbian energy system is no option

16 May 2025 - Serbia's EPS is committed to green targets, but it won't compromise energy security, CEO Dušan Živković said at BEF 2025