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Bosnia's Serb Republic to cooperate on hydro projects with Slovenia's Interenergo, Austria's KI-KELAG

Jan 31, 2020, 12:32:48 PMArticle by Stefan Radulovikj
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January 31 (SeeNews) - The energy ministry of Bosnia's Serb Republic said that it has signed an agreement with Slovenia's Interenergo and Austria's KI-KELAG International for cooperation in the hydro energy sector.

Bosnia's Serb Republic to cooperate on hydro projects with Slovenia's Interenergo, Austria's KI-KELAG
Bosnia's Serb Republic hydro energy deal signing Source: www.vladars.net

The agreement will open the opportunity for investment in hydro energy projects in the Serb Republic, the entity's energy ministry said in a press release on Thursday.

The parties to the agreement also discussed the possibility of working on solar and wind energy projects.

Interenergo and KI-KELAG have built three mini hydro power plants worth some 85 million marka ($47.9 million/43.5) in the Serb Republic via their Bosnian subsidiaries EHE d.o.o. Banja Luka and LSB Elektrane d.o.o. Banja Luka.

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

(1 euro = 195583 marka)

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