Mineco Says 4 MW HPP Project in Bosnia to Go Live in 2017

UK-based mining and energy group Mineco said its subsidiary Medos One has won a 50-year concession to build and operate a 4 MW hydro power plant (HPP) on the Drinjaca river in Bosnia.

The project, located near the city of Zvornik, will be developed over the next two years, with the plant expected to go live in March 2017, Mineco said in a statement.

On Wednesday, Bosnian news portal Indikator.ba reported that the annual production of the HPP is seen at 13.5 GWh with project costs estimated at 7.5 million euro ($8.1 million).

Mineco operates three base metals mines in Southeaster Europe - Rudnik and Veliki Majdan in Serbia as well as Gross in Bosnia.

Source: SeeNews