Sepco outbids rivals to win Bosnian gas power contract

China's Sepco III Electric Power Construction Corporation is to build a 390 MW gas-fired power plant in the central Bosnian town of Zenica.

“Sepco III was chosen after it offered the best price of $284.44m to build the plant”, KTG CEO Branko Montenegro said, according to Reuters. Other bidders included two German, one Italian and one Spanish firm, he added.

Bosnia

Under the deal, General Electric Co will supply gas turbines for the future plant.

Chinese investment is growing in the Balkans energy infrastructure and Montenegro said the Chinese partner has hinted it may take a stake in the future plant that will also produce steam to heat the town.

In 2009, Swiss-based KTG and Zenica municipality set up a joint venture in which KTG holds a 75 per cent stake and local authorities the rest.

The plant will commence development in October and is expected to be operational by 2016.

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