News in English     | 15.04.2019. 18:23 |

Concession agreement signed for Grebak Wind Farm in Nevesinje

FENA Press release

BANJA LUKA, April 15 (FENA) - Minister of Energy and Mining of RS Petar Đokić and Director of the company "VE Grebak" Nevesinje signed today a concession agreement for the construction and use of the Grebak wind farm in the municipality of Nevesinje.

In January this year, the RS Government granted the company a concession for the construction and use of the Grebak wind farm.

The concession has been awarded for a period of 50 years, and it will be implemented within a period of three years, stated the RS Ministry of Energy and Mining.

The concession agreement defines the installed power of 49.5MW for the Grebak Wind Farm with a planned annual production of 130GWh.

Electricity will be sold on the market without the possibility of exercising the right to subsidize the generated electricity.

According to the agreement, after the construction of the wind farm, the concessionaire will pay the concession fee in the amount of 0.0055KM / KWh, of which 95 percent of the funds will be directed into the budget of the municipality of Nevesinje.

(FENA) S. R.

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