Electricity

BiH energy strategy should be adopted by end-August – minister

Photo: Ministry of Foreign Trade and Economic Relations of BiH

Published

August 16, 2018

Comments

0

Share

Published:

August 16, 2018

Comments:

0

Share

Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina (BiH) Mirko Šarović expects the country’s energy strategy to be adopted at the next session of the Council of Ministers of BiH, the Fena news agency reported.

It seems that all obstacles have been overcome, the opinions of the entities have been obtained, and the details are been agreed, Šarović said, adding that he believes that this very important document will be adopted by the end of. He said that BiH is the only country in the region without an energy strategy.

According to Šarović, the adoption of the energy strategy will open the door to various EU funds for the countries of the Western Balkans.

The adoption of the Rural Development Strategy put BiH in the position to use IPA funds, which means EUR 300 million annually or EUR 900 million over three years, Šarović said. The situation with the energy strategy will be similar, as its adoption could unlock certain projects that country could not implement so far.

Šarović said that there are different calculations of how much BiH has lost due to delays in adopting the energy strategy.

Since the strategy has been being discussed since 2008, for 10 years now, and BiH could not use IPA funds over all these years, and given that no energy project has been implemented under the Western Balkans platform, BiH has probably suffered a loss of around EUR 200 million worth of projects, Šarović said, adding that damage is even greater in other segments.

In July the House of Representatives of the Parliamentary Assembly of Bosnia and Herzegovina adopted recommendations for the energy sector reform, proposed by seven MPs.

The House of Representatives authorized the Ministry of Foreign Trade and Economic Relations of BiH to coordinate and monitor the implementation of these recommendations in cooperation with relevant ministries and to report to the Parliament of BiH on the state of implementation every six months.

Admir Softić, Assistant Minister for Energy in the Ministry of Foreign Trade and Economic Relations of BiH, earlier said that the adoption of the Energy Sector Strategy is a prerequisite for continuing reforms.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Monsson-merge-wind-farm-PV-unit-Romania-hybrid-power-plant-storage

Monsson to merge its wind farm, PV unit in Romania into hybrid power plant with storage

20 February 2024 - Monsson Group is developing a hybrid wind-solar-storage project with the largest battery energy storage system in Romania

kozloduy hyndai nuclear unit

Hyundai shortlisted for installing new nuclear units in Kozloduy

20 February 2024 - Bulgaria has called on potential contractors to express interest in the construction of a new nuclear power plant with AP1000 technology

GGF UniCredit Bank Serbia EUR 50 million renewables loan

GGF deepens cooperation with UniCredit Bank Serbia with EUR 50 million renewables loan

20 February 2024 - UniCredit Bank Serbia obtained a EUR 50 million loan from GGF for utility-scale renewables projects, strengthening its ties with the fund

EU approves EUR 6 9 billion state aid for hydrogen infrastructure

EU approves EUR 6.9 billion in state aid for hydrogen infrastructure

19 February 2024 - Strategic hydrogen project IPCEI Hy2Infra, which seven EU member states developed jointly, got a green light from the European Commission