6 September 2002 – International consultancy and engineering firm ESB International (ESBI) has won a contract to assist the development of the electricity industry in Bosnia and Herzegovina.
The €2m project will involve providing strategic advice on the restructuring of the electricity sector in Bosnia and Herzegovina as well as on financial management, billing and tariffs.
Under the project won recently, the Irish firm will provide management assistance to the three state-owned utilities in Bosnia and Herzegovina to help them prepare for the competitive market. The project is funded under the European Union’s CARDS programme. This week, a delegation from Bosnia and Herzegovina is in Dublin meeting ESBI as part of the project.
The three utilities are Elektroprivreda Bosnia i Herzgovina, which is headquartered in Sarajevo; Elektroprivreda Hrvatske Zajednice Herceg Bosne, headquartered in Mostar; and Elekroprivreda of the Republic of Srpska, headquartered in Trebinje.
The EU programme has the objective of stimulating growth and assisting the rebuilding of the economy of Bosnia and Herzegovina through the provision of cheap and reliable power.
Pearse Corbett, Manager of ESBI’s Utility Consulting Division, said he was delighted with the contract award. “It reinforces our strong reputation and presence in the Balkan region,” he said.