Serb Republic's minister of industry, energy and mining Zeljko Kovacevic and the company Comsar Energy Republika Srpska have signed two concession contracts for detailed coal exploration at two sites located in the municipalities of Ugljevik and Lopare, ONASA news agency reported. The investment in exploration will be worth BAM 12.7mn (EUR 6.5mn). The period of the concessions is 2.5 years and the company paid a concession fee of BAM 0.22mn. The detailed geological prospecting is a prerequisite for continuing the EUR 400mn thermal power project for building a new 400 MW unit at the state-owned coal mining and electricity generation complex RiTE Ugljevik. Cyprus-based Comsar Energy Limited owns a 90% stake of Comsar Energy Republika Srpska, and the remaining 10% are held by RiTE Ugljevik. Russian businessman Rashid Serdarov owns Comsar Energy Limited. |
The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more
Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more
Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more