Serb Republic signs concession deal with Vjetroelektrana Grebak for a 50 MW wind project

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The Government of Serb Republic in Bosnia and Herzegovina has signed a 50-year concession deal with local company Vjetroelektrana Grebak to build and operate a 49.5 MW wind farm in Nevesinje. 

The project is expected to generate up to 130 GWh of power annually. The concessionaire pays a concession fee of BAM5.5/MWh (US$3.16/MWh) to the Serb Republic government, with 95% of the payments to be then transferred to the budget of the Nevesinje municipality. The Serb Republic government provides no subsidies to the concessionaire.

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