Bosnia: EFT TPP Stanari applies for license for international electricity trading

Published on 2. September 2015., SEE Energy News

“EFT – Rudnik i Termoelektrana Stanari” d.o.o. Stanari filed with the State Electricity Regulatory Commission (SERC) the application for issuance of the temporary license for performance of the activity of international trade in electricity.

The Company was registered in line with the decision of the Municipal Court in Doboj. The founder of the Company is EFT International Investments Holdings Limited, Bury House, Ground floor 31 Bury Street, London, United Kingdom, EC3A 5 AR, Company No. 7425887.

SERC shall decide upon a complete and lawful application presenting all required facts and evidence, in accordance with its rules and regulations through the procedure without holding a formal hearing. Interested members of the public may object to this decision of SERC.

The application has to verify technical, legal and financial capabilities of the applicant to fulfill all the criteria, conditions and standards prescribed by the Law on Transmission of Electric Power, Regulator and System Operator of Bosnia and Herzegovina and the Licensing Rule. These criteria are conducive to the creation of conditions for unlimited and free trade and continued electricity supply in accordance with the defined quality standard to the benefit of BiH citizens, and the creation of the electricity market. SERC is free to include in the licensing conditions requirements reflecting the relevant acquis of the European Union and contributing to the objectives of laws of Bosnia and Herzegovina as well as rules and regulations of SERC. , transmits Serbia-energy.eu