On the 20th of August 2014, the Government of Bosnia and Herzegovina issued a decision to extend its full support to the Zenica CHPPproject. In doing so, the Government has effectively called on Elektroprivreda and KTG Zenica to start negotiations regarding the PPA.
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In late April and early May 2014 a KTG delegation consisting of Dr. Branko Montenegro, Mr. Hani Yamani, Mrs. Nina Shapiro, Mr. Albert Jaussi and Mr. Rade Montenegro, visited China in order to together with KTG`s partners HTG and SEPCOIII hold meetings with various Financial Institutions in China, amongst which Sinosure and ICBC (Industrial Chinese Bank of Commerce). The Zenica CHPP project got positive reactions from the above mentioned institutions and future support was extended on behalf of both Sinosur and ICBC.
In fact the closing of the financial structure of the Zenica CHPP project is expected to be finalized by the end of this year so that it may enter into the financing plan of these institutions for the year 2014.
On June 17th 2014, KTG Zenica submitted the necessary documentation and the requests for the issuance of the Urban permit for the Water Intake from river Bosna.