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: Works on Hydropower Plant Vranduk officially stopped?!
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 > Works on Hydropower Plant Vranduk officially stopped?!
BUSINESS

Works on Hydropower Plant Vranduk officially stopped?!

Published: January 19, 2019
Share
SHARE

It seems like everything built at the site of the Vranduk hydroelectric power plant and Strabag workshops is done in vain after the decision is made that this company must return all to its original state.

The reason behind the decision lies in the fact that the European Bank for Reconstruction and Development (EBRD) decided that the suspension of works and the return to the original state is the best solution because Strabag exited from the project, and Euro-asphalt and Koncar failed to change the contract items with the EBRD in order to continue the works.

At the beginning of February last year, the news portal Klix.ba wrote that Euro-Asfalt will enter the consortium with Koncar, instead of Strabag. However, the problem was made by the European Bank for Reconstruction and Development (EBRD), which was supposed to issue a license to change the contractor.

The cornerstone for the construction was officially put in September 2016, and the ceremony was attended by Bakir Izetbegovic, Fahrudin Radoncic and Denis Zvizdic. At that time, HE Vranduk was presented as a capital investment for the development of hydropower and the symbol of the “great construction site”.

The information from the court was confirmed by the president of the local community Vranduk Besim Begic, who explained that the decision was made four days ago.

He added that there are little probabilities that a hydropower plant will ever be built in Vranduk after the order received by Strabag.

“We can say that 70 percent of the hydropower plant will not be at this location never, and Strabag ordered everything to be taken out of the construction site and brought to its original state, after which there will be an arbitration, “Begic said.

Unofficially, Strabag will be in minus some 20 million BAM, and in the next period, a total weight of 310 tonnes steel piles will be removed.

 

Have you heard about the famous Cave on Sejhova Korija near Sarajevo?
Peace Implementation Council to meet in Sarajevo
Significant Increase of Passengers at Sarajevo International Airport
Following the Forum for Prosperity and Jobs in BiH: Business Environment and Investment
Croatian President claims BiH is “very unstable Country affiliated with Terrorist Organizations”
TAGGED:#BiH#hydropowerplant#strabag#vranduk
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 Miralem Pjanic sends signed Jersey to Fahrudin, Survivor of Srebrenica Shooting!
Next Article The First Unusual Marathon will take Place Today!
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

With Three Medals from the European Championship: BH Paraswimmers Barlov and Zulfic arrived in BiH
September 14, 2026
Dodik after Serbia’s Military Exercise: “This is like our Army”
September 14, 2026
Almost Three Decades after the War, the Return to Srebrenica is not yet complete
September 13, 2026
While Court Decisions await Enforcement, Children in BiH left without Support
September 13, 2026
Sarajevo Run Fest Celebrates Sport, Inclusion and Solidarity With 3,000+ Runners
September 13, 2026
Sarajevo Hosts the Ceremonial Police Parade: “We call on Citizens to join us on the streets”
September 13, 2026
Media Freedom in BiH Under Threat From Ownership Concentration
September 13, 2026
Rosh Hashanah Begins: Jews Celebrate the Arrival of the Year 5787
September 13, 2026
The Union warns against Politically Motivated Hiring in BiH
September 13, 2026
BiH is the First in the Region in Terms of burnt Areas
September 13, 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?