The Investment of 3.9 Million BAM: The Construction of Small Hydro Power Plant “Vareš”

The Investment of 3.9 Million BAM: The Construction of Small Hydro Power Plant “Vareš”

In the building of Zenica Canton yesterday was signed agreement for construction of small hydro power plant “Vareš” on the river Stavnja, municipality Vareš. The contract was signed by Minister of Agriculture, Forestry and Water Management Himzo Smajić and selected commissionaire “EKO-ENERGY” d.o.o. Tešanj. Total investment of the project is 3.9 million BAM and on

In the building of Zenica Canton yesterday was signed agreement for construction of small hydro power plant “Vareš” on the river Stavnja, municipality Vareš. The contract was signed by Minister of Agriculture, Forestry and Water Management Himzo Smajić and selected commissionaire “EKO-ENERGY” d.o.o. Tešanj.

Total investment of the project is 3.9 million BAM and on the basis of electricity production expected income is 100,000 BAM per year. Municipality Vareš has concession on 30 years and income is divided 70:30 between municipality and canton.

The director of “EKO-ENERGY” d.o.o. Tešanj, Zahir Školjić, expressed his gratitude to the Ministry of Agriculture, Forestry and Water Management and to the municipality Vareš to their good cooperation and he stated that construction of the object will start in 15 days.

Renewable Energy Projects in Bosnia and Herzegovina