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The need for new investment

South East European Energy Community
Energy Community

A World Bank report noted in 2004:

"Investment over the past 10-15 years has been limited, with the average age of capacity now in excess of thirty years, and some plants are over forty years old. Capacity availability is poor by international standards and reliability is declining. In poor hydrological years, parts of the region are unable to meet their energy needs, with resultant load shedding." [25]

At a regular session held in Athens in April 2007 participants of the South East European Energy Community "expressed their concern about the level of investment in the energy sector."[26] As the economies of the region recover, energy demand has grown. Almost all the power stations in the region were also constructed during the communist era and do not comply with current environmental standards. Under EU regulations, these plants must be refurbished or replaced.

Its central geographic location means that Bosnia and Herzegovina is very well placed to supply its north-western neighbours (Croatia and Slovenia), as well as those to the south east (Montenegro, Serbia, Albania, Greece). A recent summary of projects in the field of power generation identified a total of 5,156 MW in projects.[27]  The analytical newsletter "Energy in Eastern Europe", lists in its recent publication 28 projects that are currently ongoing or seriously planned in Bosnia and Herzegovina.[28]

Table: Energy consumption forecasts for SEE (2005-2015)[29]

Country

GWh 2005

GWh 2015

Romania

49,191

61,615

Bulgaria

38,802

45,924

Serbia

37,282

42,592

Croatia

16,532

22,533

Bosnia and Herzegovina

10,471

13,813

Albania

6,760

9,483

Macedonia

7,112

9,061

Montenegro

4,358

4,506

SEE total energy demand

170,507

209,528

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