Bosnia’s Serb Republic Invites Investors to Show Interest in Hydropower Project

BANJA LUKA (Bosnia and Herzegovina), August 25 (SeeNews) – Bosnia’s Serb Republic said it has invited investors to show interest in becoming its strategic partner in the construction of four hydropower plants on the Drina river.

Investors could file letters of interest in the Gornja Drina hydroelectric project until September 22, the Republic’s government said on its website on Tuesday.

The future power plants - Buk Bjela, Foca, Paunci and Sutjeska - will use the hydro potential of the upper flow of the Drina river, which forms most of the border between Bosnia and Serbia. Their combined electricity output is planned to reach 800 gigawatt hours per year.

In February, Serbia and Bosnia’s Serb Republic said they planned to invest jointly 435 million euro ($552 million) in the construction of four hydro plants.

In July, Bosnian media quoted the Republic’s Prime Minister Milorad Dodik as saying the Republic and Serbia need a strategic partner to start construction works. The partner is expected to provide financing for the project in exchange for receiving an ownership stake.

The Serb Republic, where the Drina is flowing, is one of war-divided Bosnia’s two autonomous parts. The other is the Muslim-Croat Federation.

($=7889 euro)

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