Elektroprivreda BiH planning five major projects by 2020, including wind farm and hydro power plants
Bosnia and Herzegovina January 9, 2018
The power utility Elektroprivreda Bosne i Hercegovine (EPBiH) is planning to start the construction of five new facilities to produce electricity, including the Podveležje wind farm, small hydro power plants on the Neretvica river and the hydro power plants Janjići and Una Kostela-Aneks over the next three year. The total investments in that period will stand at EUR 859 million, according to the company business plan for the 2018-2020 period.
The construction of block 7 at the Tuzla thermal power plant, the Podveležje wind farm and small hydro power plants on the Neretvica river should start in 2018 while work on the Janjići and Una Kostela-Aneks hydro power plants is planned to begin by the end of 2020.
“The goal is for two projects to become operational – Podveležje wind farm, small hydro power plants on the Neretvica river (stage I),” says the business plan which was adopted at the special session of the Elektroprivreda BiH d.d. – Sarajevo assembly.
The Elektroprivreda BiH d.d. – Sarajevo is planning to produce 21,873.6 GWh of electricity in the 2018-2020 period with a planned annual income of more than one billion Convertible Marks (EUR 500 million).
The business report for 2017 said that the Elektroprivreda BiH d.d. – Sarajevo registered losses of 21.8 million Convertible Marks (EUR 11 million) due to unfavorable hydrological conditions and higher expenses. The planned profits for 2018 were estimated at 15.9 million Convertible Marks (EUR 8 million) and for 2019 at 34.4 million Convertible Marks (EUR 17 million).
The Podveležje wind farm will have a capacity of 48 MW, and its projected annual production is 120 GWh. The total investment is worth EUR 83.2 million. EPBiH will invest EUR 17,8 million of its own money, while the rest will be secured from a EUR 65 million loan approved by the German Development Bank KfW.
The Neretvica small hydro power plant (SHPP) project consists of 15 SHPPs with an overall capacity of 24.5 MW. The project is worth a total of EUR 50 million. The first phase of the project includes 4 SHPPs with 9.4 MW installed capacity.
The hydropower plant Janjići will have a capacity of 15 MW with a projected annual production of 77.2 GWh. The total investment is worth EUR 55 million. The projected revitalization of the hydropower plant Una Kostela and capacity increase is worth EUR 16 million.