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Germany eyes investment in renewables in BiH

Published

January 25, 2016

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Published:

January 25, 2016

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Nermin Džindić, minister of energy of the Federation of Bosnia and Herzegovina, met Christian Hellbach, ambassador of Germany, and Frank Werner, first secretary and chief of the economic department of the embassy. Hellbach said his country is primarily interested in investment in renewable energy sources, energy efficiency and cogeneration. The talks ended with a conclusion that KfW Development Bank has a EUR 300 million fund which could be used, the government said on its website.

Džindić said legislation in the area of energy is one of the preconditions for investment in the sector. The conclusion of the meeting was that the European Union’s Third Energy Package must be implemented, including a set of obligations towards the Energy Community for further liberalization of the domestic market of electric power and gas. Hellbach promised to request more engagement by the Energy Community in the direction of harmonization of laws in BiH with EU directives. Džinić and Hellbach said they will initiate a meeting with KfW about technical support and joint projects.

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