Bosnia and Herzegovina, Concession agreement for Nevesinje solar power plant signed

, SEE Energy News

The Government of the Republic of Srpska (RS) signed a concession contract for 60 MW solar power plant Nevesinje with Solarna Elektrana
Nevesinje, which is wholly owned by local company Etmax.

The future Nevesinje solar power plant will have an installed capacity of 60 MW, with estimated annual electricity generation of 84 GWh. The concession was granted for a period of up to 50 years, counting from the day of concluding the contract. The investor is obliged to pay a one-time concession fee of some 260,000 euros and 0.0028 euros for each kilowatt of electricity produced. The projects cost is estimated to around 54 million euros and the power plant should be completed in three and a half years.

The company Etmax has been represented for a long time in Herzegovina, where it has built dozens, mostly small-scale solar power plants. In 2020, the company reported revenues of 3.75 million euros and made a profit of some 600,000 euros.