Electricity

Memorandum of cooperation on construction of HPP Buk Bijela signed

Photo: Government of RS

Published

July 10, 2017

Comments

0

Share

Published:

July 10, 2017

Comments:

0

Share

The Government of the Republic of Srpska (RS) and the China National Aero-Technology International Engineering Corporation (AVIC-ENG) have signed the Memorandum of cooperation on the construction of hydropower plant (HPP) Buk Bijela on the river Drina, in Bosnia and Herzegovina.

The Memorandum of cooperation was signed on July 6, by the Bosnian Serb entity’s Minister of Industry, Energy and Mining Petar Đokić and AVIC-ENG’s Deputy President Yinliang Gao.

The document defines the possibilities for cooperation between the Government of the Republic of Srpska and the Chinese company, Đokić said. He added that signing of the Memorandum will further improve the cooperation with Chinese companies which are interested in energy projects in RS.

“The HPP Buk Bijela project is very important for the energy system of RS and I am convinced that the representatives of AVIC, in cooperation with the representatives of (RS’s power utility) Elektroprivreda Srpska and HPP Višegrad, will find a model of cooperation that will accelerate the construction of this power plant,” the minister said.

Gao said that AVIC’s has full support from the Government of China for the implementation of this and other projects in RS and the region. He added that after this first step the Chinese company is ready to accelerate preparation in order to define cooperation on the project more precisely.

The Government of the Republic of Srpska signed last year an agreement with a consortium organized by state-owned Elektroprivreda Republike Srpske (ERS) and its subsidiary Hidroelektrane na Drini from Višegrad, for the construction and operation of HPP Buk Bijela.

The concession is for 50 years with a fee of 3.6% of income.

The project worth BAM 382.4 million (EUR 195.1 million) on the Drina river in Bosnia and Herzegovina’s southeast is planned for installed capacity of 93.52 MW. The plant will be constructed in the upper course of the Drina river, about 11 kilometers upstream from the new bridge in Foča.

Expected annual production of the HPP is estimated at 332.3 GWh of electricity, with the flow capacity of 350 meters of cubic water per second.

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

undersea power cables connect Europe Africa

Several undersea power cables about to connect Europe with Africa

16 September 2021 - Greece and Egypt are in talks about the possibility to lay a 2 GW submarine interconnector on the bottom of the Mediterranean Sea

Wpd, EFT get government nod for 415 MW wind farm, 80 MW solar facility in North Macedonia viktor andonov

North Macedonia awards strategic investment status to wpd’s, EFT’s renewables projects

15 September 2021 - The Government has awarded a status of strategic investment projects to wpd’s wind farm Virovi and to EFT’s solar PV plant Erdželija.

Macquarie fund 49 stake Greece power distributor HEDNO

Macquarie fund to buy 49% stake in Greece’s power distributor HEDNO

14 September 2021 - An investment firm controlled by Macquarie is a step away from buying 49% of HEDNO in Greece's biggest privatization deal so far.

EPBIH ready to continue construction of Tuzla 7 coal project

EPBIH ready to continue construction of Tuzla 7 coal project

13 September 2021 - The coal-fired unit project has been stalled for almost a year after General Electric decided not to supply the equipment.