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Bosnia's HET to invest 9.5 mln euro in 2019

Author: U.S. Army Corps of Engine. License: Creative Commons, Attribution 2.0 Generic.

BANJA LUKA (Bosnia and Herzegovina), January 4 (SeeNews) – Bosnia's hydro power producer Hidroelektrane na Trebisnjici (HET) plans to make investments worth 18.64 million marka ($10.9 million/9.5 million euro) in 2019, its parent company Elektroprivreda Republike Srpske (ERS) has said.

The investments will be focused mainly on the construction of the 160 MW Dabar hydro power plant, ERS said in a statement last week.

The company added it plans to launch a tender for partners in the financing and construction of dams, buildings and channels as part of the Dabar hydro power project in the coming days.

HET expects to close 2019 with a profit of 2.5 million marka.

The 160 MW plant, part of a wider Gornji Horizonti hydropower project, would boost HET’s power production by about 50%, ERS said last year.

Hidroelektrane na Trebisnjici is located in Trebinje, in the Serb Republic, one of the two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.

(1 euro = 1.95583 Bosnian marka)

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