Italy interested in renewable energy investments in Bosnia.

By bne IntelliNews April 13, 2010
Italy is interested in investing in the countrys energy sector and in particular in renewable energy sources (RES), Italian foreign minister Franco Frattini has said at a meeting with his Bosnian counterpart Sven Alkalaj. Investments in RES would allow the country to meet the EU target for raising the consumption from RES to 20% by 2020. Frattini said that the country had a significant hydro-energy potential where the Italian investments could be placed. According to Frattini, several Italian companies had already started negotiations on future investments in the countrys energy sector. Frattini however highlighted that Bosnian authorities should work on creating better conditions for foreign investments including by providing the basis for protection of investments and avoidance of double taxation. The authorities estimate the country is using only about 36% of its hydroelectric potential, but the country lacks funds to invest and as a result depends on foreign investors.

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