EFT Group’s Bosnian unit EFT SE Bileca has reportedly signed a contract with Chinese firm Dongfang Electric Corporation (DEC) for constructing a 60MW solar power facility in Bosnia’s Serb Republic.
Construction works for the solar facility will begin in the second quarter of next year, and the project is expected to become operational by mid-2023, reported Reuters.
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Upon completion, Bileca solar power plant will have the capacity to generate 84GWh of clean energy annually, which will be retailed in the open market.
Last year, EFT emerged as the successful bidder in a tender released by the autonomous Serb Republic to develop and operate the Bileca solar facility for a period of 50 years.
The solar project will entail an investment of $48.8m (BAM85m) and bolster EFT’s presence in the country.
Presently, EFT is said to be one of the largest electricity producers in Bosnia, which operates 300MW Stanari thermal power plant through its subsidiary EFT Rudnik i Termoelektrana Stanari.
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By GlobalDataIn another development, Sinopec reportedly initiated construction works for a $471m (CNY3bn) green hydrogen plant in Xinjiang, China.
According to Xinhua News, the hydrogen plant is being developed in Kuqa city, and will have the capacity to produce 20,000t of hydrogen annually using water electrolysis system, which will be powered by 300MW solar power station.
Additionally, Sinopec is said to build hydrogen storage tanks with 210,000 standard cubic metres capacity.
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The solar power facility will have the capacity to generate 84GWh of clean energy annually. Credit: Jukka Niittymaa from Pixabay.
