Croatian Koncar to invest EUR 39mn in Bosnia's Rama hydropower plant by 2014.

By bne IntelliNews April 26, 2011
A consortium, led by Croatian company Koncar, will spend EUR 39mn (EUR 76.3mn) on the upgrade and the revitalisation of Bosnia's hydropower plant Rama, Onasa newswire reported, quoting Rama manager Ivo Dedic. The plants annual maintenance costs are estimated at EUR 1mn. The equipment upgrade and the overall revival will be carried by 2014, when the plant is to resume operations. The works will extend the plants service life by 25-30 years. The 160MW power facility has an annual production capacity of about 650 GWh, accounting for 50% of the annual output of the country's power utility Elektroprivreda HZ HB. Financing was provided by the German development bank KfW, the EIB and the World Bank.

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