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.