FIPA Activities

Representatives of the FIPA Agency had a meeting in Public Utility Company of HZHB

2/18/2016

Representatives of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) Mr Amir Kazić and Ms Marija Crnjac had a meeting in Elektroprivreda HZHB - Public Utility Company of HZHB where they met with Mr Drago Bago, Acting Director for Development.

Mr Bago presented current investment projects of the company.

As the most important project, he highlighted the imminent start of construction of wind farm Mesihovina. Funds for the project realization were provided by EPHZHB and the Contract with German KfW bank. The wind farm will have an installed capacity of around 44 MW.

He also said that their plan foresees the construction of wind power plant of Borova Glava between Livno and Tomislavgrad, Velika Vlajna in Mostar and Poklečani in Posušje.

Mr. Bago emphasized the importance of building of Mine and TPP Kongora in Tomislavgrad which would open 1,000 jobs, but the project implementation depends on the inhabitants of the region and the Municipality of Tomislavgrad which had to give prior approval in order that the Municipality can include Mine and TPP Kongora in its spatial plan.

Considering that Mine and TPP Kongora represent an investment of over one billion EUR, it was noted that it is necessary to connect the Public Utility Company of HZHB with foreign investors.

In addition to these projects, construction of hydroelectric power plants is planned in Tomislavgrad and Livno, and MHPP of Lištica basin.

Testimonials & Success Stories

„The Heidelberg Cement Group has invested more than € 60 million in modern technology in BiH and an additional € 50 million are earmarked for further ventures, which shows our immense confidence in the BiH economy and its potential for sustainable growth. Our goal is to continue to grow and to expand our market.”
Branimir Muidza, Heidelberg Cement Country Manager for BiH

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