Hungary's Lugos Renewables to control 70% of Bosnia's Trebinje PV plant

• Hungary's Lugos Renewables will certainly hold 70% equity rate of interest in the 73 MW Trebinje 1 solar plant project in Bosnia's Serb Republic, regional media reported on Thursday.

The Serb Republic's power utility, Elektroprivreda Republike Srpske (ERS), will certainly control the continuing to be 30% rate of interest, news supplier Indikator quoted ERS supervisor basic Luka Petrovic as saying.

in October 2020, ERS authorized a 50-year concession agreement with the energy ministry of the Serb Republic for the building as well as operation of the Trebinje 1 PV plant, worth an approximated 100.75 million marka ($56.9 million/51.5 million euro).

In September 2021, ERS claimed it remained in talks with Lugos Renewables for the building and construction and also financing of the solar energy plant project.

The plant is expected to generate some 130 GWh of electrical power per year. It will certainly spread out on 120 hectares and ought to be commissioned in 2022, according to earlier statements.

The Serb Republic is one of 2 self-governing entities forming Bosnia and also Herzegovina. The other one is the Federation.