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SARAJEVO (Bosnia and Herzegovina), June 13 (SeeNews) - Bosnian state-controlled power utility Elektroprivreda BiH [SAJ:JPESR] plans to commission in February 2021 its 48 MW Podvelezje wind farm, located in the southern town of Mostar, local media reported.
Elektroprivreda BiH (EPBiH) expects that the state will adopt better regulations in thе sector, which would speed up this investment project, news portal eKapija.ba reported on Wednesday, quoting the company's CEO, Semir Nurkovic, as saying the energy conference ENERGA.
The wind farm project is financed with the proceeds of a loan from German development bank KfW, in the amount of 65 million euro ($73.4 million/127.1 million marka), whereas EPBIH will invest 3 million euro.
Elektroprivreda BiH was provided with a 30-year concession by the government of the Herzegovina-Neretva Canton.
The 48 MW wind park Podvelezje will have 15 wind turbines with a capacity of 3.2 MW. Estimated production totals some 130 GWh annually.
Spanish-based engineering company Siemens Gamesa will build the future wind park at Podvelezje and will service and maintain the wind turbines for five years.
The Herzegovina-Neretva Canton is one of the ten cantons of the Federation of Bosnia and Herzegovina. The Federation is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro = 1.95583 marka)