Distribution’s earnings recover to positive balance


August 5, 2015





August 5, 2015




Elektrokrajina AD, state-owned power distribution for the western part of the Republic of Srpska, reported better results in the first half of the year than from January through June 2014. Distribution losses dropped 0.56 percentage points to 15.48%, said the company, part of holding ERS (Elektroprivreda Republike Srpske MP AD). In comparison, the losses were 5.8 points higher in the first half of 2012, Glas Srpske newspaper reported.

Seka Kuzmanović, Elektrokrajina’s chief executive, said the company is managing to cut losses through stricter control, relocation of measuring spots, identification of unlawful utilization, adopting remote expenditure tracking, and development of distribution network. „The trend of increasing electricity bill collection also continued, with 103.25%. Apart from our collection for current usage, we also collect receivables based on reprogramming that had been agreed,” she said.

Turnover was BAM 105.77 million (EUR 54.08), 3% more year on year, while expenditure dropped by 2.8% to EUR 54.04, resulting in net profit, unlike in the same period of 2014, when a loss of EUR 221.89 million was registered, as a consequence of heavy flooding in May that caused damages to installations, facilities and buildings. In the first half of this year, Elektrokrajina invested EUR 4.91 million in repairs, distribution network’s development and machinery.

Related Articles

Norway power export controls drought hydropower reservoirs

Norway to impose power export controls

09 August 2022 - Norway is preparing a framework for limiting electricity exports at times when the levels of water in hydropower accumulations are low

Siemens Gamesa world first offshore wind turbine recyclable blades

Siemens Gamesa installs world’s first offshore wind turbine with recyclable blades

09 August 2022 - RWE started to test a wind turbine from Siemens Gamesa with fully recyclable blades at its offshore project Kaskasi

EU supports Serbia loans grant power interconnections smart metering

EU supports Serbia with loans, grant for power interconnections, smart metering

08 August 2022 - Serbia is getting a grant of EUR 17 million for power interconnections and a smart metering project. They are worth EUR 81 million in total and financed with loans.


Republic of Srpska plans to install 50,000 small solar power plants

08 August 2022 - The Republic of Srpska has adopted a program that envisages installing 50,000 small solar power plants on residential and commercial facilities