The power trader and operator (EFT) said that it has inked a deal with China’s Dongfang Electric International Corporation (DEC) to build a 60-megawatt (MW) solar project in Bosnia.
Increasing its foothold in the Balkan country, EFT won a tender announced by the independent Serb Republic last year to develop and run the Bileca solar power plant in southwestern Bosnia for 50 years at a cost of 85 million Bosnian marka (US$49.3 million).
Work is planned to commence in the second quarter, with commercialization beginning in mid-2023, according to EFT. The facility will produce 84 gigawatt hours (GWh) of energy per year, which will be sold on the open market.
EFT is already running a 300 MW Stanari coal-fired power station in the northern town of Doboj, the Western Balkans’ first privately financed power plant, which came live in 2016.
On the Neretva River, the firm is also constructing a 35 MW Ulog hydropower facility. The plant, which would cost 150 million Bosnian marka, is likewise set to open in the second half of 2023.
Unlike other Balkan nations that rely on electricity imports, Bosnia exports power due to its hydro resources.