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SARAJEVO (Bosnia and Herzegovina) - Bosnian company Relaks plans to built a 35 million euro ($39 million) wind farm with a combined installed capacity of 28.8 MW in the southwestern town of Posusje, the Posusje Business Association said.
The wind farm will comprise eight wind turbines and is expected to produce 94 GWh of electricity annually, enough to meet the needs of all households in Posusje and neighbouring Grude and Ljubiska, the Association said in a statement last week.
The statement was issued after Bosnia's Federation government said on Thursday it gave a preliminary approval to four local companies, including Relaks, to be issued energy permits for four wind farm projects in the southern part of the country.
Relaks will build its wind farm at a location on the Ostrc mountain above Posusje.
Relaks has already signed a 30-year concession contract for the project with the government of Bosnia's West Herzegovina Canton, and is going to pay an annual concession fee equivalent to 2.5% of the value of all produced electricity, the Association said.
The Federation is one of the two entities that form Bosnia and Herzegovina. The other one is the Serb Republic.