October 12 (SeeNews) - Elektroprivreda Republike Srpske (ERS), the power utility of Bosnia's Serb Republic, plans to issue bonds worth 140 million euro ($161.8 million) on the Vienna Stock Exchange, Bosnian media reported.
ERS will use the funds to invest in the construction of the Bistrica and Dabar hydro power plants (HPPs), news portal Indikator reported last week.
Bosnia's Serb Republic will cover 15% of the total cost for the construction of the two HPPs - an investment worth 661 million marka ($390.7 million/338 million euro), according to the report.
Bistrica will be built by China National Aero-technology International Engineering Corporation, whereas China Enegy Ghezouba Group will build the Dabar HPP.
The Serb Republic is one of two autonomous entities that make up Bosnia and Herzegovina. The other one is the Federation.
($ = 0.8651 euro)