Bosnian firm wins concession for 500-MW solar project

• Bosnian company ETMax d.o.o. has actually won a concession from the government of Republika Srpska for the construction as well as operation of a 500-MW solar power plant in Nevesinje municipality.

The firm has 60 days to sign the 50-year concession agreement or else will lose its right to construct the center, according to a news article posted on the website of the municipality.

ETMax's director Sinisa Maksimovic told regional company portal Capital that the BAM-880-million (USD 493m/EUR 450m) project involves the construction of one 200-MW solar park and also six smaller ones of 50 MW each. He included that the company will have two years to design the project and also 4 years to implement its construction.

The mayor of Nevesinje, Milenko Avdalovic, was on the other hand quoted as saying that ETMax also plans to construct a factory for the neighborhood production of a portion of the equipment required for the project.