Bosnia and Herzegovina has created an environment of minimal financial burden for companies with foreign capital investing in renewable energy sources through minimal concession fees and network fees. Conversely, state-owned electric utility companies bear the weight of millions in compensation from lost arbitrations, investing substantial financial resources into revitalizing outdated systems. The lack of a strategy and persistent delays in energy industry development will inevitably lead to increased electricity bills for citizens.
By using political connections, as well as the authority of one of the key positions within the Islamic community, Edhem Bičakčić has positioned himself as the key factor in the development of BiH energy industry. Unfortunately, the benefits of his actions in this sector were felt exclusively by the investors and private companies, irrevocably destroying all the natural resources of Bosnia and Herzegovina.
The construction project of Thermoblock 7 has been pending for 17 years. Persistent insistence on the construction of Thermoblock 7 Tuzla through a credit arrangement with Chinese financiers has not only slowed down the processes of energy transition, but also threatened the monopolistic position of Elektroprivreda BiH, the largest state-owned energy company.
