Bosnia's Serb Republic, B&B Sunce Vjetar in 122 mln euro concession deals for energy projects

The Planik solar plant, valued at 136.9 million marka, will have an annual output of some 106 GWh, the Serb Republic's energy ministry said in a statement.

The Planik wind power plant will have an annual output of 93.20 GWh. This investment is valued at 101.5 million marka.

The concession for the solar plant is awarded for 27 years, while that one for the wind power plant is awarded for 27.5 years. The solar power plant is expected to be completed in the following two years, whereas the wind farm should be ready in two and a half years.

According to local media, B&B Sunce Vjetar is jointly owned by coffee maker Crnagoracoop and renewably energy company Sistem - MNE, both based in Montenegro.

The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The Federation is the other one.

(1 euro = 1.95583 marka)