Electricity

Elektroprivreda BiH’s 2014 profit 11.6 times lower year on year

Published

March 16, 2015

Comments

0

Share

Published:

March 16, 2015

Comments:

0

Share

Power producer and distributor JP Elektroprivreda BiH d. d. said its last year’s profit was BAM 3.2 million (EUR 1.64 million), in comparison to BAM 37 million from 2013.

In a filing to the Sarajevo Stock Exchange, the company said it earned BAM 952 million last year, 29 million less than in 2013.

CEO Elvedin Grabovica told Dnevni avaz newspaper the reason for the drop in profit was cheaper power in international markets. He claims the company expected such a result due to unfavourable conditions, Energetika.ba portal reported. „In the year of natural disasters, one wouldn’t expect better… But for us the most important thing is that, taken all together, we still made a positive result,“ he said.

Related Articles

Uniper battery energy storage system Germany NGEN

Uniper to build battery energy storage system in Germany with NGEN

28 May 2024 - Uniper is planning to build a battery storage system at its Heyden power plant site in western Germany with energy solutions provider NGEN

montenegro offshore wind farms study

Montenegro’s offshore wind potential estimated at 2,300 MW – study

27 May 2024 - Miloš Bogdanović from Kotor, Montenegro, and Špiro Ivošević, professor at the Faculty of Maritime Studies in Kotor, authored the study

rimac energy belgrade energy forum wasim sarwar dilow bees

Rimac Energy provides innovative BESS solutions made in Europe

27 May 2024 - Rimac Energy is oriented toward designing, developing and manufacturing its battery systems in Southeast Europe

Belgrade Energy Forum energy storage is next big thing

Belgrade Energy Forum 2024 – energy storage is next big thing

25 May 2024 - There are exponential opportunities for energy storage investments to facilitate the green transition, main developers and operators in Southeast Europe said at Belgrade Energy Forum