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The Government of the Republic of Serbia

In the service of citizens

Serbia invested €59m in Republika Srpska since 2014

Belgrade/Banja Luka, 13 November 2020

Prime Minister Ana Brnabic and Prime Minister of Republika Srpska Radovan Viskovic signed today in Banja Luka a joint statement on the construction of three hydroelectric power plants in the upper Drina river basin, whose total value is €520 million.

The three hydroelectric power plants would form the future hydroelectric power system "Upper Drina” and the first plant to be build would be "Buk Bijela".

Brnabic said that Serbia and Republika Srpska have established a joint venture for the construction of the three hydroelectric power plants, in which the public electric power company “Elektroprivreda Srbije” is the majority owner with 51 percent, and the rest is owned by “Elektroprivreda Republike Srpske”.

This is the first of the two strategic joint projects of Republika Srpska and Serbia for this and next year, she explained and added that for the second project - the construction of an airport in Trebinje, Serbia will give €30 million from the budget by the end of the year, and the first flights are expected in 2022.

The Prime Minister recalled that Serbia has invested €59 million in various projects in Republika Srpska since 2014.

Viskovic pointed out that it would take six years to build the 180-megawatt Buk Bijela hydro electric power plant and that it would cost €200 million.

It is a "green energy" project that will enable economic growth of both Republika Srpska and Serbia, Viskovic said and added that the power plants will be managed by a joint venture, thus avoiding complicated public procurement procedures.