Connect with us


EFT, China’s DEC sign $49 million deal to build solar plant in Bosnia

EFT, China's DEC sign $49 million deal to build solar plant in Bosnia 1

SARAJEVO (Reuters) – Power trader and operator (EFT) has signed an agreement on the construction of a 60-megawatt (MW) solar plant in Bosnia with China’s Dongfang Electric International Corporation (DEC), the EFT said in a statement on Friday.

Last year EFT won a tender published by autonomous Serb Republic to build and operate for 50 years the Bileca solar power plant in the southeastern Bosnia, expected to cost 85 million Bosnian marka ($49.3 million), expanding its presence in the Balkan country.

Work is expected to begin in the second quarter, and commercial operation start in mid-2023, EFT said. The plant will have annual output of 84 gigawatt hours (GWh) of electricity to be sold on the open market.

EFT operates a 300 MW Stanari coal-fired power plant, near the northern town of Doboj, the first privately funded power plant in the Western Balkans which came online in 2016.

It is also building a 35 MW Ulog hydro power plant on the Neretva river. The plant, worth 150 million Bosnian marka, is also expected to be online in the second half of 2023.

In contrast to other Balkan countries that rely on power imports, Bosnia exports power because of its hydro capacity.

(1$ = 1.725 Bosnian marka)

(Reporting by Daria Sito-Sucic; Editing by Richard Chang)

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate


Newsletters with Secrets & Analysis. Subscribe Now