MoU on HPP Buk Bijela project to be signed with Chinese company – Bosnia and Herzegovina, 16 June 2017

News / MoU on HPP Buk Bijela project to be signed with Chinese company – Bosnia and Herzegovina, 16 June 2017

The Government of the Republic of Srpska (RS) has adopted a decision on the approval to sign the Memorandum of Understanding (MoU) on the construction of hydropower plant Buk Bijela with Chinese company China National Aero-Technology International Engineering Corporation and tasked Minister of Industry, Energy and Mining Petar Djokic to sign the MoU.
In June 2016, the contract on the concession grant for the construction and operation of 93.52 MW HPP Buk Bijela between the RS Government and the consortium which consists of power utility ERS and its subsidiary “Hidroelekrane na Drini” has been signed. The concession is granted for a period of 50 years and the estimated value of the investment is around 195 million euros. The concession includes the preparatory period of 12 months from the day of contract signing. The preparatory period includes the development of the project documentation and obtaining all necessary permits, followed by the investment of some 21.5 million euros.

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