- Thanks to FIPA's efforts, a Memorandum of Cooperation on the realization of the project "M&TPP Kamengrad" was signed today in Budapest

The Memorandum of Understanding on the implementation of the project Mining and Thermal Power Plant Kamengrad between the Chinese company China Energy Group and Lager Ltd Posušje was signed on 27 November 2017 in Budapest at the 6^th Summit of the Prime Ministers of China and 16 Central and Eastern European Countries (CEE) attended on behalf of Bosnia and Herzegovina by Denis Zvizdić, Chairman of the Council of Ministers, and Mirko Šarović, Minister of Foreign Trade and Economic Relations.

The Memorandum was signed by the President of China Energy Group Ding Yanzhang and CEO of Lager Ltd Dragan Stipić, in the presence of Minister Šarović, representatives of FIPA and other representatives of relevant Chinese companies.

We point out the fact that FIPA found the mentioned Chinese investor, offered him all the available projects in BiH in which the investor was interested, was in constant contact with the investor in order to reach the final election that was related on Mine and Thermal Power Plant Kamengrad. Since establishing the first contact with the investor until signing the Memorandum of Understanding, it took less than a year, while solving difficulties during the negotiations between the investors and the project owner.

In economic terms, this project can be characterized as historical, since the value of the project is higher than 1,000,000,000 BAM, and taking into account its significance first of all for the development of the Municipality, Canton, and the State. In the same time, it will represent one of the biggest investments in BiH.

We point out the fact that the investor China Energy Group is the largest Chinese Group that realizes projects from the energy sector around the world.

The “Engineering New-Record” (ENR) Magazine in the USA published the lists of “The Top 250 International Contractors”, according to which China Energy Group was ranked at 11^th position, while among the “Top 150 Global Design Firms” it was ranked at 4^th position.