April 4 (SeeNews) - The government of Bosnia and Herzegovina's Canton 10 said it has signed a concession agreement with local company Earth Finance, owned by Czech developer of renewable energy projects Woodburn Capital Partners, for the construction of a 92.5 MW solar power plant.
The concessionaire has paid a one-off fee of 20,177 marka ($11,200/10,316 euro) and will pay an annual concession fee in the amount of 1.8% of the total gross income generated by electricity production, the cantonal government said in a press release on Wednesday.
The Orlovac solar power plant will be built in Tomislavgrad.
Canton 10 is one of ten cantons that form the Federation, one of two autonomous entities that make up Bosnia and Herzegovina. The other entity is the Serb Republic.
(1 euro = 1.956 marka)