Bosnia attracts Turkish energy firms
By Selen Tonkus/Ata Ufuk Seker, Friday, August 15, 2014
ANKARA - Turkish energy minister has encouraged Turkish firms to bid for several tenders in the Bosnian energy sector announced by the Balkan government last week.
Bosnia is planning to construct a 300 megawatt coal power plant around the northeastern Bosnia mining area of Banovici. The project is expected to begin next year and is expected to be completed within three years.
Bosnia-Herzegovina has attractive investment opportunities in energy sector for domestic Turkish firms, said Energy Minister Taner Yildiz on Friday.
Speaking to the Anadolu Agency Yildiz said, "Because of historical relations, cultural connections and geographical closeness Bosnia’s energy sector is an attractive investment for Turkish firms" and added "Turkey is aiming to support energy sector developments in Bosnia. Turkish firms will be interested in energy tenders in Bosnia. Turkish business are also ambitious to invest in the region."
Bosnia has around six billion tons of coal reserves. Country produces 60 percent of its energy needs from coal and the rest from hydroelectric power, oil and natural gas.
Bosnia receives natural gas through pipelines from Russia and obtains oil from neighboring Croatia, Serbia Montenegro and Hungary.
The country consumed around 36.000 barrels of oil, 200 million cubic meters natural gas and 14 million tons of coal last year.
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