Electricity

USAID, EPBiH to analyze power plant permitting

USAID

Published

July 27, 2016

Comments

0

Share

Published:

July 27, 2016

Comments:

0

Share

Peter Duffy, mission director of the United States Agency for International Development (USAID), and Bajazit Jašarević, general manager of Elektroprivreda Bosne i Hercegovine d.d. (Electric Utility of Bosnia and Herzegovina – EPBiH), signed a memorandum of understanding which defines cooperation between the state-owned company and USAID Energy Investment Activity (EIA) for the analysis of the permitting process for the construction of different types of electricity power plants in the country.

This is a milestone in harmonization in the field, the American agency stated on its website.

According to the press release, EPBiH and USAID EIA will focus on a number of investment projects in various regions for case study analysis. The value of the projects in which the domestic utility is planning to invest is more than BAM 1 billion (EUR 511 million). USAID EIA will monitor the permitting process with the goal to identify the legislative, regulatory and administrative barriers that investors face when investing in Bosnia and Herzegovina. On the basis of the analysis, it will recommend measures at all levels of government involved to shorten and simplify the procedures in order to stimulate investment in new power plants in the country, the statement said.

“The main objectives of USAID’s Energy Investment Activity are to help the country attract investment and create jobs in the energy sector. Transparent, consistent and comprehensive energy investment legislation, along with investment guidelines, is a first step to attract investors and ensure investment follow-through,” Duffy said. A vast number of permits and consents are necessary for power plant projects in the Balkan country, resulting in a fairly long procedure – even the most determined investors gave up and left, the statement said.

Related Articles

Egypt add 1 1 GW solar wind power cheapest rates Africa

Egypt to add 1.1 GW in solar, wind power with cheapest rates in Africa

02 December 2022 - Two giant solar and wind power plants in Egypt will supply electricity at the lowest rates in Africa, IFC said

Electricity prices to be increased in Republic of Srpska from New Year

Increase of electricity prices in the Republic of Srpska as of January 2023

02 December 2022 - A large part of electricity consumers in the Republic of Srpska will be getting higher bills after the New Year

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid