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

Fortis Group expand presence Balkans taking over two biogas power plants Serbia Velimir Gavrilovic Belgrade Energy Forum

Fortis Group expands presence in Balkans by taking over two biogas power plants in Serbia

29 May 2024 - Fortis Group is completing the purchase of two biogas power plants in Pančevo, Serbia, COO Velimir Gavrilović announced at Belgrade Energy Forum

elixir matijas predojevic decarbonization bef 2024

Elixir’s EUR 300 million investment plan includes wind, solar, batteries

29 May 2024 - New investments will help push forward the decarbonization process in Elixir Group, started several years ago, Matthias Predojević said

Annual compensation of 600,000 euros to Nikšić Municipality for land Under Bileća Lake

Republic of Srpska agrees to compensate Nikšić in Montenegro for using Bileća lake

29 May 2024 - The Municipality of Nikšić will receive EUR 600,000 in annual compensation for its land under the artificial Bileća lake

NGEN s Bernard no smart grid without smart users

NGEN’s Bernard: There is no smart grid without smart users

29 May 2024 - The energy sector needs smart grids, and a smart grid does not exist without smart users, CEO of NGEN Group Roman Bernard said at BEF 2024