Bosnia’s EPBiH signs deal with Strabag, Koncar unit JV on construction of Vranduk HPP, Investors
Bosnian power utility Elektroprivreda BiH said on Friday it signed a deal for the construction of the 19.6 megawatt (MW) Vranduk hydro power plant (HPP) with a joint venture of Austria’s Strabag and Croatia’s Koncar inzinjering za energetiku i transport.
The turnkey contract is worth 112.3 million marka ($62.6 million/57.4 million euro), EPBiH said in a statement.
Preparatory works should begin in the first few months of 2016, while the construction of the plant is seen mid-year after all the necessary documents are drafted and construction permits are obtained, the company noted.
The plant’s construction is scheduled to take 46 months after the contract comes into effect.
In November 2014, Bosnia’s power utility said it received five final bids in a tender for the construction of the plant.
Bids were filed by a consortium of Slovenia’s Riko and Bosnia’s Euroasfalt, a joint venture of Strabag and Koncar inzinjering za energetiku i transport, Turkey’s Cengiz Insaat Sanayi ve Ticaret, China’s Dongfang Electric Corporation and Italy’s Cooperativa Muratori & Cementisti.
The plant’s annual electricity production is expected to be 96.38 gigawatt hours (GWh).
EPBiH also said earlier that the European Bank for Reconstruction and Development and the European Investment Bank, have provided loans of total 63.5 million euro ($69.1 million) to finance the project.
- June 14, 2023 The Serbian Institute for Critical Materials launches a regional mining platform for knowledge exchange
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- August 13, 2023 Environment South East Europe Watch temporarily suspends the activity
- August 9, 2023 Regional Coalition Aims to Protect Up to 400 Kilometres of Rivers Across Southeast Europe
- August 9, 2023 Meeting Serbia’s Energy Needs: A Smart Siting Map for Solar Power