Podvelezje Wind Farm valued at 125 million KM
JP Elektroprivreda BiH General Director Dr. Elvedin Grabovica and Herzegovina-Neretva County (HNZ) Economy Minister Amer Zagorcic today in Mostar signed an annex to the agreement on concessions for Podvelezje Wind Farm.
The total investment is valued at 125 million KM, and the wind farm consists of 16 units. The annex to the contract includes the innovative terminal plan of realization of the project with the aim of reducing potential risks and eliminating eventual barriers for the realization of the Podvelezje Wind Farm.
According to HNZ Economy Minister Amer Zagorcic, by signing this annex to the contract, the HNZ government and the relevant ministry have shown their commitment to support major investment projects that could lead the economy and the county forward.
By signing the agreement they gave additional deadlines to Elektroprivreda BiH to complete the wind farm in Podvelezje. This is a project of great importance to the local community, and for the entire county, given that the construction of the wind farm will improve the
infrastructure in the community, Zagorcic said, adding that with the contract it was expected that two wind turbines would be finished by the new year, and the others by 2014.
JP Elektroprivreda BiH Elvedin Grabovica said that he would tender a call for construction by the end of next month, and repeated that by the end of the year he expects the construction of two wind turbines.
As for the construction for other wind farms in HNZ, Grabovica said that this is not the only project from renewable energy sources that Elektroprivreda BiH has planned, but they have a project planned from geothermal energy in Tuzla that will be soon presented to the public.
JP Elektroprivreda BiH received a concession for 30 years with the possibility of extension, and an integral part of the contract is the terminal plan of realization of the project and the study of economic viability.