Serb Republic awards 50-year concession of 60 MW solar project to EFT Group

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Serb Republic of Bosnia and Herzegovina has awarded the development of the 60 MW solar photovoltaic facility located in the southern municipality of Bileca to UK-based EFT Group.

EFT Group has paid BAM700,000 (US$408,557) as the one-off fee for the concession of the BAM104 million (US$60.60 million) solar project. The concessionaire will also pay BAM0.0055 (US$0.00321) per kWh of the energy produced in the plant once it enters into commercial operation. 

The project is expected to produce up to 84 GWh of energy per year. 

The contract was signed Ministry of Energy of Serb Republic on July 14, 2020. 

List of the country updates

Country updates

  • May 19, 2020

    Decision to award 60 MW Solar PV concession in Skrobotno

    The Government of the Republic of Srpska in Bosnia was authorized to sign the concession agreement for the development of a 60 MW solar photovoltaic park with EFT International Investments H...

    Read more
  • March 17, 2020

    Serb Republic set to award concession for 60 MW solar project in Skrobotno

    The Serb Republic of Bosnia and Herzegovina has opened the tender for the concession of a 60 MW solar project Skrobotno.  The project with an investment of about BAM50 million (US$28.4 mill...

    Read more
  • February 10, 2020

    Serb Republic to award 51 MW wind project in Nevesinje

    The Serb Republic of the Government of Bosnia and Herzegovina has launched the procedure to award the concession of the 51 MW Trusina wind project to the East Sarajevo-based renewable e...

    Read more
  • January 22, 2020

    Relaks to build 28.2 MW wind project in Posusje

    Relaks doo Posusje, a renewable energy developer in Bosnia and Herzegovina, is set to build a 28.2 MW wind farm in the southwestern town of Posusje.  The EUR35 million (US$39 million)...

    Read more
  • September 30, 2019

    Bosnia and Herzegovina starts construction of 49.5 MW Grebak wind farm in Nevesinje

    A local company, Vjetroelektrana Grebak, has started the construction of the 49.5 MW Grebak wind farm located in Nevesinje, some 270 kilometers south-east of Banja Luka, in Bosnia and H...

    Read more

Share this update