The Bosnian Serb entity's Prime Minister Aleksandar Dzombic and Croatia's Deputy Prime Minister and Economy Minister Radimir Cacic, on Friday agreed on joint investments in a future EUR 170 million hydropower plant in the area of the southern Croatian city of Dubrovnik.
The 300-megawatt plant will be provided with water supplies from the River Trebisnica in southern Bosnia and Herzegovina, according to the agreement Dzombic and Cacic reached at their meeting in the northwestern Bosnian city of Banja Luka.
According to Cacic, the project of the Dubrovnik 2 power plant should be conducted in the next three years and financial details and other elements of the project are to be set out by the end of September.
According to Dzombic, the water supplies for electricity generation will be transported through a future 16-kilometre-long canal from the Trebisnica to the new plant.
"We have agreed that each side will invest 50 percent of the project, through a joint company that will construct the hydropower plant in the next three years, and after that we will agree on how to share the electricity produced," the Bosnian Serb official said. He added that the outstanding issues surrounding the existing Dubrovnik hydropower plant and the thermal power plant in Gacko, Bosnia and Herzegovina, would not affect the new project.
The two ministers also discussed plans for inviting international bids for building a bridge across the River Sava at the Gradiska border crossing.
