OHR Welcomes FBiH Progress On Feasibility Study Requirements
The Federation House of Representatives Harmonisation Committee yesterday adopted a key piece of legislation required by BiH’s Feasibility Study.
The Electricity Law clears the way for the next stage of deregulating the electricity sector. This follows the adoption last week of a BiH Electricity Action Plan, which makes substancial progress on a key Feasibility Study requirement.
Electricity liberalisation will introduce competition to the utilities sector and by doing so is likely to result in lower tariffs for businesses and households and higher foreign exchange earnings for BiH, which is one of only two exporters of electricity in the region.
This substantial legislative progress on a Feasibility Study requirement is an indication of how the Government and Parliament can work together on key strategic reforms. We expect that the FBiH House of People Harmonisation Committee will move this legislation forward rapidly.