Bosnia's Serb Republic govt grants concession for 72.9 MW solar power plant in Trebinje

Bosnia's Serb Republic government said it awarded power utility Elektroprivreda Republike Srpske (ERS) concession rights for the construction and use of a 72.9 MW solar power plant in Trebinje.

The solar power plant, whose annual output will be 108,7 GWh, is worth 100.75 million marka ($60.3 million/51.5 million euro), the entity government said in a press release on Thursday.

The concession is granted for a 50-year period, as the solar power plant should be built in 24 months.

The concessionaire must pay 503,750 marka to the entity's budget before signing the concession agreement.

After the plant is built, ERS will have to pay a concession fee of 0.0055 marka for every kilowatt-hour (kWh) of electricity produced, of which 95% will be allocated to the budget of Trebinje municipality.

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

(1 euro = 1.95583 marka)

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