The Ministry of Energy and Mining and companies M Solar and MDD Energy signed two concession agreements for the construction and operation of solar power plants in Nevesinje. The power plants will have an installed capacity of 30 MW and an estimated annual electricity generation of 45 GWh. The investment in projects is estimated at 22.5 million euros each.
The one-off concession fee amounts to 670,000 euros. The operator will pay 0.0028 euros for each kWh produced by the plants. 95% of concession fees will be allocated to the Nevesinje municipality budget.