SARAJEVO (Bosnia and Herzegovina), August 10 (SeeNews) – Bosnian state-owned power utility Elektroprivreda BiH (EPBiH) said it signed on Friday a concession agreement to build a 126 million marka ($79 million/64 million euro) hydro power plant on the Bosna river.
The document was signed by EPBiH director general Elvedin Grabovica and Bosnia's Muslim-Croat Federation energy minister Erdal Trhulj, the utility company said in a statement.
The 30-year concession arrangement to design, build and operate the 19.63 megawatt run-of-the-river HPP Vranduk has an extension option. Annual output is estimated at 96.38 gigawatt-hours.
The concessionaire will pay a one-off fee of 2.3 million marka while the annual concession royalty is set at 2.43% of the company’s total annual income from the project but no lower than 1.5% of the projected annual income.
The Federation is one of the two autonomous entities making up Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro=1.95583 Bosnian marka)