THE BIH FRAMEWORK ENERGY STRATEGY UNTIL 2035 WAS ADOPTED

The Council of Ministers of Bosnia and Herzegovina (BiH) has passed a decision on the adoption of the BiH Framework Energy Strategy until 2035, creating conditions to draw IPA funds and funds from the Western Balkans Investment Framework (WBIF) for the Energy sector, as well as to attract investors to the sector. 

Framework Energy Strategy of BiH, adopted at the initiative of the Ministry of Foreign Trade and Economic Relations, had been subject to negotiations between two BiH entities (Federation of BiH and Republika Srpska ) for ten years.

It is estimated that BiH has lost around € 200 million in the absence of the strategy.

The adoption of this strategic document defines the path of the BiH energy sector development until 2035, which will have a positive impact on the investments as well as market and regulatory reforms in all segments of the Energy sector .

It is expected that the strategy will indirectly help increase employment, reduce public debt, and improve competitiveness in BiH.

The energy strategy was created through the cooperation of relevant ministries, institutions, research institutes, associations and social partners, as well as other stakeholders in the BiH energy sector.

The basis of the BiH Framework Energy Strategy was Entities’ strategic documents for the energy sector.