SARAJEVO, April 1 (Hina) - The CEO of the Croatian Power Supply Company (HEP), Ivo Covic, and the director general of the Bosnian Power Supply Company (EPBiH), Enver Kreso, signed a cooperation agreement in Sarajevo on Tuesday. The
agreement stipulates the purchase of 5.22 billion kilowatt hours of electrical power produced in Bosnia, estimated at EUR150 million.
SARAJEVO, April 1 (Hina) - The CEO of the Croatian Power Supply
Company (HEP), Ivo Covic, and the director general of the Bosnian
Power Supply Company (EPBiH), Enver Kreso, signed a cooperation
agreement in Sarajevo on Tuesday. The agreement stipulates the
purchase of 5.22 billion kilowatt hours of electrical power
produced in Bosnia, estimated at EUR150 million. #L#
The two companies' officials also signed a protocol on business and
technical cooperation along with some other protocols and
agreements.
Due to a lack of its own primary energy sources, Croatia chose to
invest into the construction of power supply facilities in other
republics of the then Yugoslavia in the 1970's, especially those
using coal. HEP financed the building of thermoelectric power
plants in Kakanj and Tuzla in Bosnia.
Based on these investments, Croatia was to gain the right to power
supply for 20-25 years, but the business arrangement was truncated
due to the war.
The Croatian company is expected to sign an agreement with the
Bosnian Serb power supply industry, which is currently managing the
thermoelectric power plant in Gacko.
(hina) lml sb