Bosnia's EPBiH completes 48 MW Podvelezje wind farm construction

Bosnian state-controlled power utility Elektroprivreda BiH [SAJ:JPESR] said that the construction of the 48 MW Podvelezje wind farm, a project worth 77 million euro ($93 million), has been completed.

The wind farm will produce 130 GWh of electricity per year, Elektroprivreda BiH said in a press release on Monday.

The facility was built by a consortium comprising Croatia's Siemens Gamesa Renewable Energy and Denmark's Siemens Wind Power A/S, both units of Spanish engineering company Siemens Gamesa.

Bosnian companies HP Investing Mostar and Minersko Sarajevo built the foundation structures and did some mining works.

The project was mostly financed with a 65 million euro loan from German development bank KfW.

EPBiH has signed a 30-year concession contract for the project with the government of Bosnia's Herzegovina-Neretva Canton, one of ten cantons forming Bosnia's Federation.

The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.

($ = 0.831379 euro)

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