- Press Releases
SARAJEVO (Bosnia and Herzegovina), October 27 (SeeNews) - Germany's development bank KfW launched a call for a consultant in the preparation of a feasibility study for the construction of the 36 MW Podvelezje photovoltaic power plant in Bosnia and Herzegovina, Germany's economic development agency said.
The call for consulting services on the preparation of a technical feasibility study and other activities related to the project will be open until November 25, according to a notice on the website of Germany's economic development agency Germany Trade & Invest (GTAI).
The German Financial Cooperation through KfW intends to provide financing for the Podvelezje photovoltaic power plant, which is expected to generate electricity for both the regional and national distribution grids, the notice reads.
The planned solar power plant will be located near the recently commissioned Podvelezje wind farm.
Bosnian state-controlled power utility Elektroprivreda BiH (EPBiH) completed the construction of the 48 MW Podvelezje wind farm, a project worth 77 million euro ($89.2 million) in March. The project was mostly financed with a 65 million euro loan from KfW.
EPBiH has signed a 30-year concession contract for the project with the government of Bosnia's Herzegovina-Neretva Canton, one of ten cantons forming Bosnia's Federation.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.
($ = 0.8628 euro)