Hungarian Energy Supply Company to Construct Biomass Plant in Bosnia and Herzegovina

Hungarian Energy Supply Company to Construct Biomass Plant in Bosnia and Herzegovina

Today, the Foreign Trade Chamber of Bosnia and Herzegovina organized presentation of MVM Ovit and Elektroprivreda Hungary. The aim of the presentation was to present the possibilities of construction a biomass thermal power plants and the possibilities of financing such projects of the Hungarian Development Bank (Exim Bank). MVM Ovit JWB is a state owned

Today, the Foreign Trade Chamber of Bosnia and Herzegovina organized presentation of MVM Ovit and Elektroprivreda Hungary.

The aim of the presentation was to present the possibilities of construction a biomass thermal power plants and the possibilities of financing such projects of the Hungarian Development Bank (Exim Bank).

MVM Ovit JWB is a state owned company, and the primary field of activity includes the design, construction, maintenance and establishment of power plants, production of power equipment, steel structures, power steering, heavy transport and telecommunications.

The company intends to expand its activities on the territory of Bosnia and Herzegovina, where they already had a number of successful projects, such as reconstruction of Block 5 “Tuzla”, and took part in the tender procedure for the construction of the new plant in the “Tuzla” and “Kakanj”.

The presentation was organized for the representatives of municipalities, directors and representatives of utilities and directors and representatives of the three above.

Peter Gopcsa, General Manager of Electric Power Industry of Hungary, said that this company represents 10 years in BiH.

“In recent years in Hungary the popularity of construction of biomass thermal power plants has rapidly increased and we think that this topic is interesting and for the country. We have already signed two letters of intent with the municipality of Bosanska Krupa and Bihac, and this letter from Bihac was signed this morning,” said Gopcsa.

The goal of today’s presentation, he said, was that, in addition to character, the show and the financing of the construction of biomass power plants, adding to the Hungarian Development Bank (Exim Bank) monitor the construction and financed 85 percent of the project value.

For example, the value of a biomass power plant in Bosanska Krupa which would heat 5,000 homes is about 10 million Euros.

Ismet Kumalić, president of the Chamber of Foreign Trade, said that the Chamber this is an opportunity to be briefed on developments in neighboring countries in the field of renewable energy.

“We intensify cooperation with Hungarian companies, and with the Hungarian Chamber of Commerce, and we hosted two days of their President, today the company, and next week and a mixed committee,” said Kumalić.

A representative of the company MVM for the former Yugoslavia Mehmed Polimac said to be the largest project of the company that wants to implement in BiH “Tuzla”, or building block 7, and the investment is 900 million Euros, which speaks volumes about the seriousness of the company.

Renewable Energy Projects in Bosnia and Herzegovina