Home Europe & UK Bosnia invites bids for first large-scale solar power plant
Bosnia invites bids for first large-scale solar power plant

Bosnia invites bids for first large-scale solar power plant

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International and local investors have until July 27 to submit bids for the project which is expected to cost around 150 million Bosnian marka ($89.4 million), the official said.

New Delhi: Bosnia’s autonomous Serb Republic has launched a tender for the construction of a 65-megawatt (MW) solar power plant in southeastern Bosnia, the country’s largest so far, an Energy Ministry official told Reuters on Monday.

International and local investors have until July 27 to submit bids for the project which is expected to cost around 150 million Bosnian marka ($89.4 million), the official said.

The solar power plant, which will be located near the town of Ljubinje, is expected to produce 104 gigawatt-hours (GWh) of electricity per year to be sold on the open market.

The future operator will hold a 50-year concession to operate the plant.

Bosnia aims to generate 40 percent of its energy from renewable sources by 2020 versus 34 percent currently as part of its plans to join the European Union.

Unlike other Balkan countries which rely on power imports to cover much of their demand, Bosnia is able to export power largely thanks to its hydro capacity.

Source: reuters

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Anand Gupta Editor - EQ Int'l Media Network