The Hungarian state-owned energy giant MVM Ovit is building a heating plant in northwestern Bosnia-Herzegovina. Construction of the €10m plant is scheduled to start in 2014. This new plant in Bosanska Krupa will provide heat to more than 50,000 residents. MVM may also bid on a tender to extend the Tula power plant, which was announced by JP Elektroprivreda, the largest electricity provider in Bosnia-Herzegovina.