FIPA Activities

Continuation of activities on the M&TPP Kamengrad Project

1/15/2018

PROJECT WORTH A BILLION AND 20 MILLION BAM

Within continuation of talks with the relevant institutions on M&TPP Kamengrad Project, representatives of the China Energy Group visited the Foreign Investment Promotion Agency of BiH (FIPA) in order to seek further support on the way of realization of this investment. The project has full support from all ministries at the level of the Federation of BiH and BiH, with which meetings will be organized in the coming days.

After the signing of the Memorandum of Understanding on 27 November 2017 in Budapest between the Chinese company and the company Lager Posušje which is the owner of the project, talks were held on the technical details of the project.

The final agreement on the realization of the investment should be signed in June at the Summit 16 + 1 and the ministerial conference dedicated to the promotion of trade and economic cooperation between China and 16 countries of Central and Eastern Europe.

FIPA will continue to provide full support to the project, whose value is estimated at 1 billion and 20 million BAM.

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Valentin Inzko, High Representative.
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