Minister of Industry, Energy and Mining Petar Đokić spoke today in Banja Luka with the representatives of the Chinese company China International Water & Electric Corporation (CWE), which is interested in construction of hydropower plant Dabar.
Minister Đokić said that that was a respectable company, one of the leaders in the construction of hydropower plants with which a Memorandum of Understanding would be signed in Monday.
'This company has expressed its readiness to work together with the RS Government and to engage in providing funds for this project from the Chinese Exim Bank, which has already given the company its consent to negotiate,' said Minister Đokić.
The Minister recalled that the selection of the partner for construction of hydropower plant Dabar was transparent and expressed the hope that the Chinese company would offer the best conditions for the implementation of the project.
'For us, it is very important to continue with this activity and in the future we, as the government and the ministry, will do everything for this project to be implemented,' said Minister Đokić.
The representative of the Chinese company CWE Chen Liyang said that the company was a subsidiary of Chinese company 'Three Gorges', which had so far implemented the largest energy facilities in the world, especially in the field of renewable energy sources, which had been involved in the construction of hydropower plant 'Kozjak' in Macedonia, the largest solar plant in Greece, and was the largest shareholder of the Portuguese Power Utility.
Mr. Liang said that that day's meeting with the Minister Đokić had been successful and expressed confidence that the future cooperation would also be successful.
'We fully respect the Government and Power Utility of the Republic of Srpska and we will act in accordance with the requirements and have already prepared documentation for this project,' said Mr. Liang, adding that the Chinese company engages local workforce and local suppliers in all projects.
Future hydropower plant Dabar is a part of the hydropower system Upper Horizons, planned capacity of which is 159.15 MW, and the total value of investment should be around 180 million euros.
The project documentation and all necessary studies have been prepared, and completed some preparatory works in the location where HPP will be built, road infrastructure, catchment area, water and power network, as well as some activities for obtaining building permits, and in the pipeline is the resolution of the dispute with the BiH Federation regarding environmental permits.