Director of the USAID Mission to BiH Peter Duffy and General Manager of Elektroprivreda HZ HB (EP HZHB) Marinko Gilja signed a Memorandum of Understanding defining the cooperation between EPHZHB and USAID Investing in energy sector (USAID EIA) in the analysis process issuing permits for the construction of the wind farm.
The aim of the cooperation between EPHZHB and USAID EIA is the identification of legislative, regulatory and administrative barriers that investors face in the licensing process.
Based on this analysis, USAID EIA will recommend measures at all levels, which will shorten and simplify the procedures and encourage investment in the energy sector in BiH. Estimated value of the wind farm project is around 155 million KM.
– To create a competitive, market-oriented economy that provides better economic opportunities for all in BiH, it is very important to attract more investors to create jobs and ensure economic stability in BiH. It is known that Bosnia and Herzegovina has significant potential for electricity generation from renewable energy sources. However, the slow procedures in the licensing and legislative gaps bother BiH to benefit from this potential. We know that EPHZHB has extensive knowledge and experience in the procedures of issuing permits for the construction of all types of renewable power plants and we hope to use this knowledge in a joint effort to improve the overall permitting process – said Peter Duffy, Director of the USAID Mission in BiH .
Otherwise, for the construction of any power plant in Bosnia and Herzegovina investors must provide a large number of permits and approvals from several different institutions. This practice is extremely long and demanding process of licensing knew the result in the most determined investors give up and leave BiH.
To date, the US Government, primarily through USAID, has provided more than 1.6 billion dollars to help the economic, democratic and social progress in BiH.