Oil refinery Modrica signed an Agreement on Cooperation in the field of renewable energy sources with the Ministry of Energy and Mining of the Republic of Srpska. Primary goal is the construction of solar power plants in Banja Luka.
The oil refinery has expressed its intention and interest in investing primarily in the construction of solar power plants and the production of electricity, primarily for its own needs. The company will explore the possibilities of using renewable energy sources at specific locations and, at its own expense, prepare the necessary documentation and submit an application for a concession if the studies demonstrate the technical feasibility and economic justification for implementation.
The government of the Republic of Srpska has expressed readiness to assist the investor in project implementation by applicable regulations. The agreement has a duration of two years.