Renewables

The Energy Community to reintroduce sanctions for BiH on April 1

Photo: Energy Community

Published

March 25, 2017

Comments

comments icon

0

Share

Published:

March 25, 2017

Comments:

comments icon

0

Share

Author: Zoran Vidić

The Energy Community (EC) will reintroduce its set of punitive measures for Bosnia and Herzegovina, starting April 1, due to the Balkan country’s insufficient efforts to meet obligations under the terms of the Treaty of the Energy Community, says Janez Kopač, director of the EC Secretariat.

The resumed sanctions will jeopardize investments planned for the BiH energy sector worth tens of millions euros.

The sanctions were temporarily halted last October due to successful negotiations within the BiH government bodies on implementation of Action plan for the Transfer of Legal Property in Energy Sector. They will now be reintroduced, because the agreement, according to which the remaining controversial provisions of the state law on regulatory body, transfer and market of electric power and gas were to be synchronized by the end of March, was not honored.

„The Council of the Ministers of the Energy Community adopted measures against Bosnia and Herzegovina and prolonged them in 2016 as the result of failure to introduce regulations in the gas sector at the state level. Such set of measures, equal to sanctions, are the first ever implemented against one of our member states“, EC announced.

The announced punitive measures include suspension of certain voting rights, as well as suspension of travel expenses remuneration for the BiH representatives participating in EC events. The European union is invited to suspend their financial support for the projects in the BiH gas sector.

„Lack of goodwill to take measures and adopt federal regulation on gas is my personal disappointment, since I spent many hours over the past year meeting with ministers Šarović, Đokić and Džindić to work out the Law’s first draft details, not to mention the numerous meetings at the expert level“, said Janez Kopač, director of the Secretariat of the Energy Community.

„It is important to note that the request for synchronized regulation on gas was made back in 2007. Such a blatant lack of political will to fulfill the existing international obligations is clearly a bad omen for the Bosnia and Herzegovina’s European future,“ Kopač said.

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

HELLENiQ Energy buys ABO Energy Hellas 1 5 GW renewables

HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

02 July 2025 - Amid a consolidation in the renewables sector in Greece, HELLENiQ Energysaid it completed the acquisition of ABO Energy Hellas

EU outlines measures for 90 emissions cut by 2040

EU outlines measures for 90% emissions cut by 2040

02 July 2025 - A proposed amendment to the European Climate Law sets a 2040 target of a 90% reduction in net greenhouse gas emissions

battery storage eu solarpower europe bess

SolarPower Europe: EU needs ten times more battery storage by 2030 to meet renewables targets

02 July 2025 - SolarPower Europe has launched an initiative called the Battery Storage Europe Platform to promote battery growth across the EU.

Solaris Holding large hybrid renewable energy park Bulgaria

Solaris Holding launches production at large hybrid renewable energy park in Bulgaria

02 July 2025 - The new Selanovtsi solar farm of 59.8 MW in peak capacity near Vratsa was installed alongside a battery energy storage system of 107.3 MWh in capacity