December 5 (SeeNews) - Bosnia's Serb Republic government said it has signed an agreement worth 100 million euro ($110.9 million) with Chinese company AVIC for the construction of three hydro power plants (HPPs) on the river Bistrica with a total installed capacity of 45 MW.
"In the forthcoming period we need to conduct a feasibility study [...], all procedures should be completed in the next six to nine months, in order to get a bank loan," the president of the Serb Republic government, Radovan Viskovic, said in a press release published by the government on Wednesday after a visit to Beijing.
In Beijing Viskovic also met with representatives of the Industrial and Commercial Bank of China (ICBC) to discuss financing for the projects.
The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.
($ = 0.9021 euro)