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SARAJEVO (Bosnia and Herzegovina), December 5 (SeeNews) - Bosnia's Serb Republic said it signed a framework agreement with Chinese company AVIC for the construction of a pipe factory in Foca, some 80 km southeast of Sarajevo.
The agreement was signed in Beijing during a three-day visit of the Republic's prime minister Radovan Viskovic, the Republic's government said in a statement on Wednesday.
The investment in the pipe factory is conditional on the construction of three hydro power plants with a combined installed capacity of 45 MW on the river Bistrica, in the Foca region.
During the visit, the Serb Republic and AVIC also signed a 100 mln euro deal on the construction of the Bistrica plants, for which the Republic expects to receive financing from the Commercial Bank of China (ICBC).
The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.