October 05, 2008 10:23 PM
October 6, 2008 (FinancialWire) -- General Electric Co. (NYSE: GE) will
sign an investment deal worth at least 400 million Euros in the Serb half
of Bosnia later this month, the region's prime minister Milorad Dodik said
in an interview.
He said that 300 million Euros will be in the energy sector and the
other 100 million Euros will be in the health sector.
After the Bosnia war of 1992-95, a peace agreement split the country
into a mostly Serb half and a Muslim-Croat half under a federal government.
Dodik said that the Serb Republic is also in talks with Germany's RWE
on future hydro-electric energy projects.
The prime minister said the region would not privatize its five existing
hydro power stations and two thermal plants but would seek investment in
new projects.
He said the Serb Republic had the potential for three new thermal electric
power plants, 10 medium-size hydro power plants and 100 smaller hydro power
plants.
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