Bosnia's Elektroprivreda BiH To Get Concession for 20 MW Hydro Power Project
SARAJEVO (Bosnia and Herzegovina), September 14 (SeeNews) – The Bosnian government said it has taken a decision to award a concession contract to local power utility Elektroprivreda BIH for the construction of a hydro power plant.
The federal energy, mining and industry ministry has been instructed to sign the concession deal for the construction of the 19.63 megawatt Vranduk power station, the government said in a statement on Tuesday.
The power station will be built on the river Bosna, in the central part of the country.
The concessionaire will pay a one-off fee of 2.269 million marka ($1.6 million/1.2 million euro), equal to 1.8% of the project's total investment cost, the statement said.
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.