-There is a high degree of consent between the investor and the project owner

The Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) Gordan Milinić received a delegation from Energy China Group, led by the Vice-President of the Group Yu Gang, a delegation of China Energy Engineering, represented by the President Dong Bin and the Deputy Director Zuo Zhong, as well as representatives of the Lager Posušje Company led by the Executive Director Dragan Stipić with associates, who owns the Project Mine and TPP Kamengrad.

This was the fourth meeting with the Chinese delegation at which it was discussed the mentioned project. Considering that there is a high degree of consent between the investor and the project owner on the investment realization, it was agreed that the technical team from China visit Kamengrad in the next ten days in order to negotiate technical details regarding the project realization. After this visit, it is expected signing of the final agreement on the investment realization.

The Director Milinić established contact with the mentioned company at the beginning of this year in order to realize the investment in the project of the Mine and Thermal Power Plant Kamengrad, power of 2 X 215 MW.

The Government of FBiH, at its 59^th session in 2016, made a decision to classify the construction of the Thermal Power Plant in Sanski Most as a strategic project in the energy sector in Bosnia and Herzegovina. With an investment of 1.020.000.000 BAM, launching production in the Mine and the production of electricity in the TPP Kamengrad will be one of the largest investments in BiH.

The realization of this strategic project will greatly contribute to the economic development of the local community, canton, as well as Bosnia and Herzegovina, and will have a major impact on employment.