Renewables

Mineco gets concession for Medoš mini hydro plant

Published

March 26, 2015

Comments

0

Share

Published:

March 26, 2015

Comments:

0

Share

Commodity trader, miner and smelter Mineco Group said its subsidiary Medoš One d. o. o. in the Republic of Srpska has been awarded a fifty year concession to build and operate a first hydropower plant on the Drinjača river.

Located near Zvornik, the Medoš project will be developed over the next two years with the 4 MW plant set to be launched in March 2017, the group with offices in London, Moscow and Zug said in a press release. Mineco added it expects this to be the first of a number of its hydropower projects. The concession of 50 years for a EUR 7.5 million project was granted by the entity’s Ministry of Industry, Mining and Energy.

In October, the group was given four location licenses in Serbia for building hydropower production facilities with a total capacity of 1.22 MW in the municipalities of Valjevo, Dimitrovgrad and Paraćin. The deadline for potential projects was set to 12 months. In both reports Mineco Limited was named as the investor. The group had said last year that its three mini hydro plants project for 2.2 MW at Rasina river near Brus in Serbia still waited for building permits.

In 2013, the group denied it was involved in the demise of several privatized companies in Serbia, after media reports linked it to a corruption and industrial espionage scheme both in that country and Romania.

Related Articles

Norway power export controls drought hydropower reservoirs

Norway to impose power export controls

09 August 2022 - Norway is preparing a framework for limiting electricity exports at times when the levels of water in hydropower accumulations are low

Siemens Gamesa world first offshore wind turbine recyclable blades

Siemens Gamesa installs world’s first offshore wind turbine with recyclable blades

09 August 2022 - RWE started to test a wind turbine from Siemens Gamesa with fully recyclable blades at its offshore project Kaskasi

republic-of-srpska-small-solar-power-plants

Republic of Srpska plans to install 50,000 small solar power plants

08 August 2022 - The Republic of Srpska has adopted a program that envisages installing 50,000 small solar power plants on residential and commercial facilities

district-heating-geothermal-energy-belgrade

Belgrade’s public heating utility intends to use geothermal energy in district heating

08 August 2022 - Beogradske Elektrane has invited bids for producing a study of the geothermal potential of groundwater on the sites of its heating plants