SARAJEVO, May 18 (Hina) - Representatives of the Croatian Power Industry (HEP) and Bosnia-Herzegovina's Power Industry ("Elektroprivreda BiH") on Thursday signed agreements on cooperation between these two companies and on
transmission of power supplies. Upon the signing of the deals in Sarajevo, HEP Management Chairman Ivo Covic and Elektroprivreda BiH Director-General Meho Obradovic described it as an exceptionally important step in the settlement of all open issues in the relations between the two companies. The cooperation agreement confirmed basic principles in the relations between the two power industries in the field of management of powers supplies systems and the exchange, sale and transmission of power. The contract on power transfer regulates issues from this section at an annual level. According to Covic, the documents signed in Sarajevo are th
SARAJEVO, May 18 (Hina) - Representatives of the Croatian Power
Industry (HEP) and Bosnia-Herzegovina's Power Industry
("Elektroprivreda BiH") on Thursday signed agreements on
cooperation between these two companies and on transmission of
power supplies.
Upon the signing of the deals in Sarajevo, HEP Management Chairman
Ivo Covic and Elektroprivreda BiH Director-General Meho Obradovic
described it as an exceptionally important step in the settlement
of all open issues in the relations between the two companies.
The cooperation agreement confirmed basic principles in the
relations between the two power industries in the field of
management of powers supplies systems and the exchange, sale and
transmission of power.
The contract on power transfer regulates issues from this section
at an annual level.
According to Covic, the documents signed in Sarajevo are the result
of talks the two parties led in Zagreb last month.
Covic reiterated that it was exceptionally important for the HEP to
regulate rights and obligations that ensued from the investments in
Bosnian electric power capacity and plants in the 80-ties as well as
to build good relations and business cooperation with all three
power supplies systems that exist in Bosnia-Herzegovina.
We have good relationships with all of them ("Elektroprivreda BiH",
"Elektroprivreda Herzeg-Bosna" and the power industry in the
Republic of Srpska"), he said.
"The fact that we have signed contracts today is the first signal
that other open problems will be settled within the determined time
terms until the end of this year," said Meho Obradovic.
Working groups will propose concrete solutions to the current
problems by the beginning of October.
Obradovic also voiced satisfaction with the fact that after the
deal on the power transmission his company would be able to continue
exporting power supplies to Slovenia.
Close cooperation was announced in the exchange of experience that
may be useful for the coming reorganisation of the two power
industries based on principles of liberalisation of markets and
privatisation.
(hina) ms