By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Investment worth 14 Million BAM: Hydropower Plant “Zapece” started working
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > Investment worth 14 Million BAM: Hydropower Plant “Zapece” started working
BUSINESS

Investment worth 14 Million BAM: Hydropower Plant “Zapece” started working

Published: August 31, 2015
Share
SHARE

Mini HPP Zapece novovrijeme.baThe mini hydropower plant “Zapece” on the Ugar River in the Municipality Skender Vakuf started working today, and the value of the investment is 14 million EUR.

The mini hydropower plant “Zapece” has an installed power of 4MW and the intended annual production is 14 GWh, which is enough electricity for supplying 4.000 households.

The investor is the company “EHE” Ltd. Banja Luka.

After putting this mini hydropower plant into operation, a member of the Board of the Austrian company “Kelag” Armin Virsma stated that he is proud of the fact that this company is so far the largest private investor from abroad that invested in renewable energy sources on the territory of the former Yugoslavia.

Virsma said that two mini hydropower plants have been constructed in the RS while the third one, “Medna” on the Sana River, is currently under construction.

“This way we contribute to the protection against climate changes and construction of new values at the local level”, Virsma stated.

Virsma expressed hope that this will be a stimulus for the other investors to come to B&H in order to invest and create new jobs, and stimulate the economy development.

The Minister of Industry, Energy and Mining of the RS Petar Djokic assessed that this energy facility is of great importance for the RS, since it increases the energy capacity by producing new amounts of electricity from renewable energy sources.

Djokic emphasized that the Austrian company “Kelag”, together with its member “Interenerga”, invested around 50 million BAM in the construction of two such facilities in the RS so far, and that also under construction is the third hydropower plant “Medna” on the Sana River, which will have 5.1MW of installed power, and the completion of the construction is expected by the beginning of 2017.

“Total value of these investments will be around 100 million BAM”, Djokic emphasized and added that the company “Kelag” is an important partner of the RS Government with whom they have signed a contract on extension of cooperation for two more years.

According to Djokic, it is very significant for the RS to continue constructing such facilities and to keep the energy sector the most important generator of its development.

(Source: seebiz.net/ photo novovrijeme)

The Trade Union Consumer Basket in BiH amounts to almost Three Thousand BAM!
Gradual Recovery of BH Economy to follow?
What is the average Monthly Net Salary in the FBiH?
Warnings on the Spread of Sulfur Dioxide from BiH and Serbia
Serbia made the largest trade Surplus with Bosnia-Herzegovina
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article BH Innovator presented the first Eco-Rotary Dryer in the World
Next Article After the Fire, “Krivaja” Company must continue with the Work
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2kFollowersLike
10.1kFollowersFollow
414FollowersFollow

Latest News

Magazinovic initiates Discussion on Femicide: We cannot say it does not concern us
May 19, 2026
Konakovic and Doughty discussed Bilateral Relations between BiH and the United Kingdom
May 19, 2026
BiH among Nineteen Countries in Europol’s Action
May 19, 2026
Contract worth 74 Million BAM signed for the Procurement of new Technologies for Elections in BiH
May 19, 2026
President of the Federation of BiH spoke with the Chargé d’Affaires of the United States Embassy
May 19, 2026
Helez and Hunter discussed Military Cooperation Programs between BiH and Maryland
May 19, 2026
Kerim Alajbegovic Named Player of the Season in the Austrian Bundesliga
May 19, 2026
Second Victim of the Shooting in Kiseljak dies
May 18, 2026
Exhibition “Erasmus Spain and BiH – a Journey of Culture and Creativity” opened
May 18, 2026
Gunman in Kiseljak Dies After Killing One and Seriously Injuring Another
May 18, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?