Minister of Industry, Energy and Mining of the Republic of Srpska (RS) Petar Djokic said that 15 small hydropower plants (SHPP) are currently under construction in RS, while the preparations for the construction of wind, solar and biomass power plants are underway.
Minister Djokic stressed that the commissioning of newly built thermal power plant Stanari has proved that the Republic of Srpska is a good place for investment, which is also an excellent introduction for large energy projects included in the country’s Energy Development Strategy by 2030.
He said that about 1.8 billion euros has been invested so far in these energy projects, while it is planned to invest additional 5.9 billion euros by 2030. With several energy projects already completed, RS has shown that it can guarantee that investor is welcome to do business here, make profit and manage the money he earns, thus denying claims that RS is unstable country from which investors are leaving. He reiterated that the project for the construction of hydropower plant Buk Bijela, which is being implemented by state-owned power utility ERS, is one of those energy projects that will change the economic picture of RS.