Bosnia and Herzegovina: Aluminij Mostar considering RES power plants investment, SEE Energy News
Aluminij Mostar’s CEO Amir Gross Kabiri said that in order to further expand the scope of the investment in BiH, M.T. Abraham Group intends to invest in renewable energy power plants, thus ensuring a stable and affordable electricity supply that will meet the needs of the plant, while remaining true to the company’s commitment to promoting sustainability and environmental awareness and responsibility.
Kabiri said that the Group has joined forces with its strategic partner, Chinese CMEC, and intends to build power plants that use renewable energy sources, primarily solar and wind, in order to provide Aluminij with the full capacity of electricity needed for the foundry and anode plant.
Earlier this year, the company announced that their first energy project will be the construction of a solar power plant within the production facility, in cooperation with Big SC, an established RES developer in Israel with the portfolio of 11 MW. The statement from the company said that data on the number of sunny days in Herzegovina indicate significant sources of solar energy with an extremely favorable seasonal schedule, which provides an opportunity for its efficient and long-term use. Given the average number of sunny days in Mostar (more than 280) and the availability of large open areas, solar power plants are the most efficient and environmentally friendly mean of electricity production.
Aluminij Mostar has been disconnected from the electricity network in July 2019. Therefore, the largest electricity consumer in Bosnia and Herzegovina (BiH) has stopped production. When it worked at full capacity, Aluminij was accounted for a quarter of total consumption in BiH. The company was later acquired by Chinese-Israeli M.T. Abraham Group via the 30-years lease agreement. Aluminium production was partially resumed in November 2020.
- June 11, 2021 Slovenia: MOL Group’ retail acquirement agreement with OMV
- June 11, 2021 Serbia: NIS’ environmental projects investments
- June 11, 2021 Romania: IFC’s investments in Raiffeisen green bond issue