The Director of the Foreign Investments Promotion Agency of BiH (FIPA) Gordan Milinić and his associates talked with Zdravko Aćimović, Director of Alfa Invest - a partner of the Italian company Pyrox, Turin, for South Eastern Europe, about the planned investments of Pyrox in the amount of about 150 million EUR in the co-generation projects on wood biomass in BiH.
This investment
will include 20 underdeveloped municipalities in FBiH and 20 municipalities in RS
which dispose of wood waste.
Italian Pyrox
has its own technology for the production of electricity and thermal energy on
the basis of solid biomass, which can be used to heat homes, greenhouses, and
other facilities.
Installing and
starting-up of one plant would employ 25 workers, and according to the business
plan, each municipality that participates in this project, would have an annual
revenue of one million EUR from the sale of electricity and thermal energy.
In addition to
the own investors' funds, the project is financially supported by Uni Credit
Bank of Italy, and Investment Fund of Ireland. Municipalities would participate
in financing of the investment in the amount of 10% to 15%. Except that for
this figure, there is a possibility for additional arrangement.
Considering
that it is about renewable energy projects, there is additional possibility to withdraw
finance from the European funds for this purpose.
It was agreed to
organize in mid-July 2016 a meeting between investors and mayors and heads of
commercial departments of 40 municipalities where it would be presented
opportunities offered by investor, as well as possibilities of municipalities
when it comes to potential of the waste from biomass, manners f implementation
of the investment, and obligations of both parties.
FIPA will
coordinate the organization of the meeting and will provide the necessary
services both to investors and municipalities with the aim to contribute to a faster
realization of the investment.