Bosnia and Herzegovina: New Generation Power plans to invest billions of dollars in HPPs

US power company New Generation Power has agreed to invest billions of dollars to build hydropower plants in the Serb half of Bosnia-Herzegovina, local media reported on Friday, Xinhua reported.Chirinjeev Kathuria, president of the New Generation Power, on Wednesday signed an...

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Bosnia and Herzegovina: New Generation Power plans to invest billions of dollars in HPPs



bne - 20.11.2012

US power company New Generation Power has agreed to invest billions of dollars to build hydropower plants in the Serb half of Bosnia-Herzegovina, local media reported on Friday, Xinhua reported.

Chirinjeev Kathuria, president of the New Generation Power, on Wednesday signed an agreement with the government of the Republika Srpska (RS) to build four hydroelectric power plants with a combined value of about 1.3 billion euros in the lower part of the Drina River, part of goal to create one of the largest energy projects in Southeast Europe. Bosnia, like elsewhere in the region, has good scope for renewable energy, but currently uses only around 40% of its renewable energy potential.

Source: bne


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