March 29 (SeeNews) - The government of Bosnia and Herzegovina's Canton 10 said it has signed a concession agreement with local company Insolar for the construction of the 100 MW Seline solar power plant in Tomislavgrad.
The concessionaire has paid a one-off fee of 23,273 marka ($12,837/11,899 euro) and will pay an annual concession fee in the amount of 2% of the total gross income generated by electricity production, the cantonal government said in a press release earlier this week.
Insolar was the sole bidder which submitted legally correct documentation in a tender for the concession, the cantonal government said earlier.
Canton 10 is one of ten cantons that form the Federation, one of two autonomous entities that make up Bosnia and Herzegovina. The other entity is the Serb Republic.
(1 euro = 1.956 marka)