Siemens wins $81 million wind turbine order
The Bosnian Electricity Authority EPHZHB said on Friday that the company had reached a deal worth $72 million ($81 million) with the German conglomerate Siemens. Siemens will supply wind turbines for its 44MW wind power station.
The wind power station is located near the town of Tomislavgrad in the north and was built to improve the hybrid energy efficiency of the three smallest state-owned power stations in Bosnia alone.
The total cost of the project is estimated at $76 million, mainly through the funding of the German state-owned Credit Suisse Bank. According to EPHZHB in a statement, the project is expected to be completed in 2017.
EPHZHB operates seven hydroelectric power stations with a total generating capacity of 860 MW.
40% of Bosnia's electricity comes from hydropower stations, and the rest is thermal power stations. Unlike other Balkan countries that rely on imports to meet their electricity needs, Bosnia's hydropower is abundant and can be used for export.