Serb Republic awards concession for 60 MW solar project to ETMax

Date January 06, 2022
Type Projects
Subtype Contract award
Countries Bosnia and Herzegovina
Subsectors Photovoltaic
Contracting Authorities Serb Republic
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Bosnia's Serb Republic has awarded a 50-year concession to develop and operate a 60 MW solar photovoltaic project located in the southern municipality of Nevesinje to Solarna Elektrana Nevesinje, fully owned by Banja Luka-based electronics company ETMax. 

The project investment is expected to value at about BAM104.4 million (US$60.28 million). ETMax will pay a one-off concession fee of BAM521,808 (US$301,286) and BAM0.0055 (US$0.00318) per kWh of energy produced. 

The project is expected to be operational after three and half year of construction. 

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