USAID BiH Mission Director Peter Duffy and General Manager of EP BiH Bajazit Jasarevic signed a Memorandum of Understanding which defines cooperation between EP BiH and USAID Energy Investment Activity (USAID EIA) for the analysis of the permitting process for the construction of different types of electricity power plants in BiH.
EP BiH and USAID EIA will focus on a number of different investment projects in various regions for the case studies analysis. The value of these investment projects, in which EP BiH is planning to invest in, is more than 1 billion KM. 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 this analysis, USAID EIA 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 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.” – stated Peter Duffy, USAID BiH Mission Director
It is well known that for the construction of one power plant in Bosnia and Herzegovina, it is necessary to obtain a vast number of permits and different consents. This results in a procedure that lasts fairly long; and in the past, even the most determined investors gave up and left the country.
To date, the U.S. Government, primarily through USAID, has provided almost $1.6 billion in assistance to support economic, democratic and social progress in BiH.