With an estimated annual production of 108.7 gigawatt-hours (GWh) of electricity per year, the "Trebinje 1" plant would be the country's largest so far.
ERS will hold a 50-year concession to operate the plant, which is expected to cost around 100.75 million Bosnian marka ($60.3 million). The plant should be built within 24 months after the concession takes effect, the government said.
The Serb Republic aims to add 1,000 MW of renewable energy sources by 2029 at a cost of 11.5 billion Bosnian marka to smooth its transition from coal, and the largest portion of projects, targeting solar, wind and hydro sources, will be carried out by ERS. (1$ = 1.670 Bosnian marka)