Chinese EFT and DEC sign $ 49 million deal to build solar power plant in Bosnia

EFT’s 300 MW coal-fired power plant, the first and largest private investment in the country’s energy sector by the UK-based Energy Financing Team (EFT), is seen in Stanari near Doboj, in Bosnia and Herzegovina, September 20, 2016. REUTERS / Dado Ruvic

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SARAJEVO, Dec. 3 (Reuters) – Electricity trader and operator Energy Financing Team (EFT) has signed an agreement to build a 60 megawatt (MW) solar power plant in Bosnia with Chinese company Dongfang Electric International Corporation ( DEC), EFT reported. in a press release on Friday.

Last year, EFT won a tender issued by the Autonomous Serbian Republic to build and operate the Bileca solar power plant in southeastern Bosnia for 50 years, which is expected to cost 85 million Bosnian marks (49 , $ 3 million), expanding its presence in the Balkan country.

Work is expected to begin in the second quarter and commercial operations will begin in mid-2023, EFT said. The plant will have an annual production of 84 gigawatt hours (GWh) of electricity for sale on the open market.

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EFT operates a 300 MW coal-fired power plant in Stanari, near the northern city of Doboj, the first privately funded power plant in the Western Balkans that was commissioned in 2016.

It is also building a 35 MW Ulog hydroelectric power station on the Neretva river. The plant, worth 150 million Bosnian mark, is also expected to be commissioned in the second half of 2023.

Unlike other Balkan countries which depend on electricity imports, Bosnia exports electricity due to its hydropower capacity.

($ 1 = 1.725 Bosnian marka)

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Reporting by Daria Sito-Sucic; Editing by Richard Chang

Our standards: Thomson Reuters Trust Principles.


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