Germany’s RWE Says Mulls Billion-Euro Energy Projects in Bosnia

RWE management officials and the Prime Minister of Bosnia’s Serb Republic, Milorad Dodik, met to discuss possible energy cooperation on Tuesday, RWE said in a statement. The Serb Republic is one of the two autonomous parts forming post-war Bosnia. The other is the Muslim-Croat Federation.

“Should an agreement be reached and the economic viability of the envisioned hydropower stations be demonstrated, the partners – the Republic of Srpska [the Serb Republic], RWE and the [United Kingdom-based] United Energy Group – could realise projects with a power capacity of over 1,000 megawatts. Associated investments over the next ten years could be in the billion-euro range,” the statement said.

It said the two sides also discussed cooperation in lignite-fired power generation and grid operation.

RWE said it saw Bosnia's Serb Republic and countires in Southeast Europe as attractive growth markets.

“We look forward to gaining a long-term partner in RWE. Particularly in the field of hydropower, our country offers some interesting potential,” Dodik said in the statement.

 “We have the necessary know-how and experience to make a significant contribution to the development of the electricity industry in the Republic of Srpska,” Gerd Jaeger, Member of the Executive Board of RWE Power AG, said.