Elektrohertz gets concession for solar project in Republic of Srpska

Republic of Srpska, one of the two entities constituting Bosnia and Herzegovina, is set to host another solar power plant. It would be one of the largest ones, with a capacity of 150 MW.

In late May, construction began on Bosnia and Herzegovina’s largest solar power plant so far, with a capacity of 125 MW. The most recently inaugurated large photovoltaic facility was Stolac, with a capacity of 64 MW.

Now the Ministry of Energy and Mining of the Republic of Srpska signed a concession agreement for the construction and operation of the Javor photovoltaic plant in the municipality of Rogatica.

In May, the entity government granted the concession to Elektrohertz, based in the same town in the country’s east, for the construction and operation of the facility, of 150 MW.

The concession has been granted for 30 years

The estimated annual production of the solar park is 197 GWh, and the concession was granted for a period of 30 years. The total investment value is BAM 194.4 million (EUR 99.4 million). It is scheduled to go online within the next four years, the ministry said.

Before finalizing the concession contract, the concessionaire, private developer Elektrohertz, delivered a one-off payment to the budget of the Republic of Srpska, of BAM 971,932 (EUR 497,000).

The Rogatica municipal budget is entitled to 95% of the concession fee

When the facility becomes operational, the concessionaire will be obligated to pay a fee of BAM 0.0055 (EUR 0.0028) per kWh of generated electricity to the budget of the Republic of Srpska. A 95% share is allocated for the Rogatica municipal budget.

The most recent concession granted by the entity Ministry of Energy and Mining went to state-owned power utility Elektroprivreda Republike Srpske (ERS) for the proposed Trebinje 3 solar power plant. It was in late April.

It is ERS’s third concession for photovoltaic plants.