Bosnia’s EPBiH sees cost of Podvelejze wind park at 71.8 mln euro
SARAJEVO (Bosnia and Herzegovina), December 19 (SeeNews) – Bosnian power utility Elektroprivreda BiH [SAJ:JPESR] said on Thursday the total cost of the Podvelezje wind park project is estimated at 71.8 million euro ($98.6 million), of which 65 million euro will be borrowed from Germany’s KfW Bank.
The KfW loan should be repaid within 15 years with a grace period of three years, Elektroprivreda BiH (EPBiH) said in a statement on its website.
EPBiH will provide the remaining 6.8 million euro for the project from its own funds.
The wind park is planned to consist of 16 wind turbines with a capacity of up to 48 megawatts. Its annual production is projected at 100 gigawatt hours.
The Podvelezje wind park will be located at Mali Grad and Svetigora sites in the Herzegovina-Neretva canton in the southern part of the Muslim-Croat Federation, one of the two entities that form Bosnia and Herzegovina. The other is the Serb Republic.