Renewables

Works on Vranduk hydroelectric project to start in six months

Photo: Pixabay

Published

February 7, 2016

Comments

0

Share

Published:

February 7, 2016

Comments:

0

Share

Consortium of Strabag AG from Austria and Croatian company Končar – Power Plant and Electric Traction Engineering Inc. (Končar – Ket) started the design phase for the project of a dam and hydroelectric facility Vranduk in central Bosnia.

After the documentation is produced, equipment can be mounted and the construction works can commence, state television’s portal Federalna.ba reported. Strabag said no visible activity is possible for another half year, while the endeavour was initiated more than five years ago.

Government-controlled company Elektroprivreda Bosne i Hercegovine d. d. is the investor with BAM 22 million (EUR 11.24 million) of own funds, while the remainder in the EUR 63 million project is financed by the European Bank for Reconstruction and Development and the European Investment Bank.

Environmentalists and the local population have been opposing plans for the power plant, the report adds. The Vranduk community received a pledge for EUR 720,000 to be invested in 30 infrastructure objects in the surrounding area, before the environmental permit was issued. The people in the village itself say they got the least from the funds and that even the promised water supply system’s overhaul wasn’t done. The contractor says it plans to engage local firms for some segments of the works.

Related Articles

GGF Kostadinov Green investment inflection point many countries

GGF’s Kostadinov: Green investment is nearing inflection point in many countries

20 May 2024 - The Balkans require a critical mass of renewables development to unleash green investment, Borislav Kostadinov from GGF said at Belgrade Energy Forum

western-balkan-power-utilties-decarbonization-plans

Decarbonizing Western Balkan power utilities: ambitious but flexible plans, with focus on investments and new technologies

17 May 2024 - Power utilities in the Western Balkans have ambitious goals for 2050, but are flexible in mapping the path because the development of technologies is unpredictable

Banks Serbia receiving lot requests grid connection guarantees Belgrade Energy Forum

Banks in Serbia receiving lot of requests for grid connection guarantees

17 May 2024 - Banks in Serbia are receiving numerous requests for guarantees for renewables requiring grid connection and most investors have firm collateral instruments, according to speakers at Belgrade Energy Forum

statkraft neoen croatia Arnaud Bellange Christophe Desplats-Redier

Statkraft acquires Neoen’s project portfolio in Croatia

17 May 2024 - According to Arnaud Bellanger, Country Manager for Croatia and France at Statkraft, the takeover deal covers about ten projects