Bosnia and Herzegovina, Government of RS has awarded a concession for the construction of a 60 MW solar power plant

, SEE Energy News

The Government of the Republic of Srpska (RS) announced that it has awarded a concession for the construction of a 60 MW solar power plant near Nevesinje to 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. Otherwise, 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.

Mayor of Nevesinje Milenko Avdalovic said that the location was selected because the area around the town has significant number of sunny days during the year.

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