FIPA Activities

Deputy director of FIPA at a meeting with the mayor of Mostar and representatives of AVVA Global Energy Holding

10/24/2023

The Deputy Director of the Foreign Investment Promotion Agency of BiH (FIPA), PhD Sanja Bazina Crnokić had a meeting with the mayor of the City of Mostar, PhD Mario Kordić and representatives of AVVA Global Energy Holding Mustafa Damar, President of the Management Board, Yusuf Simsek, Regional Director for Asia and Europe and Omer Harun Orge, Technical Design Manager.

AVVA Global Energy Holdings is a global energy company structured to meet the urgent needs of electricity around the world. They create solutions with clean technologies adapted to local needs. They deal with investing in renewable energy sources, especially solar energy, and the production of solar panels, liquid gas, solutions for water desalination and wastewater treatment all over the world. The head office is in Australia, and they have offices in Dubai, Turkey, Qatar, the Netherlands, Switzerland and North Africa.

With the mediation of FIPA, the company established contact with the City of Mostar in order to discuss the construction of a waste power plant in the area of the City of Mostar.

PhD Kordić and his team had several online meetings, and on October 23, 2023, a visit to the City of Mostar was organized to discuss in detail the possibilities for cooperation, waste management, the project to build a power plant according to the highest world standards, the value of which is estimated at EUR 50 million, and benefits for the local community.

Accompanied by the director of the Public Company Deponija d.o.o. Mostar Mirhad Grebović, the investors visited the site of the landfill itself and were provided with all the information necessary for the development of the project itself and the initiation of all necessary steps in the procedure of obtaining all relevant permits.

Representatives of AVVA Global Energy Holding had a meeting with Stjepan Matić, assistant minister for the sector of environmental permits, environmental impact assessment, polluter register of the Federal Ministry of Environment and Tourism with the aim to have information with the legal procedures necessary for the implementation of the project.

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„I must say I am extremely impressed with the quality, efficiency and speed
of FIPA’s service. It is a shining example to other government departments in the region.”

Claudio Cassuto, Director, London, European Finance Convention Foundation

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