Bosnian Entity Eyes Renewables Boost from Extended Pact with KI-Kelag, Interenergo

Bosnia’s Serb Republic is set to absorb over 50 million euro ($57.7 million) in investments in the renewable energy sector following the signing of a cooperation agreement with Austrian energy group Kl-Kelag and Slovenia’s Interenergo.The agreement will see an extension of the already existing cooperation between the entity's energy ministry and the two firms until August 21, 2017 while enabling the realisation of new investments in renewable energy sources, the ministry said in a press release.

To date, this cooperation has led to the construction of two small hydro power plants (SHPPs) in the Serb Republic with a total installed capacity of 9 MW and worth some 50 million marka ($29.6 million/25.6 million euro), energy minister Petar Djokic said. He added that works are currently in progress on SHPP Medna with an installed capacity of 4.9 MW and worth some 41 million marka.

The construction of the SHPPs has seen the involvement of over a hundred domestic firms, adding to the cooperation’s importance, Djokic said.

KI-Kelag International GmbH is active in the fields of water, wind power and photovoltaics. Its target markets are neighboring countries of Austria as well as countries in Southeast Europe.

Ljubljana-based Interenergo is mainly active in electricity trading and investment in the construction of energy generating facilities using renewable sources.

The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Muslim-Croat Federation.

Source: SeeNews