ERS power utility gets nod to issue bonds on Vienna Stock Exchange

ERS power utility gets nod to issue bonds on Vienna Stock Exchange

Photo: Wiener Boerse


December 2, 2021



comments icon




December 2, 2021



comments icon



Power utility Elektroprivreda Republike Srpske (ERS) will issue bonds on the Vienna Stock Exchange in January next year. It is the first such decision among state-owned energy companies in the region.

Prime Minister of the Republic of Srpska Radovan Višković confirmed power utility Elektroprivreda Republike Srpska (ERS) would obtain funds by issuing bonds and listing them on the Vienna Stock Exchange.

Višković stressed the government, which owns the majority of ERS, has given its consent and that it is a good test for the company to test the demand for its debt on the international financial market.

ERS lacks money for investments

Višković noted that ERS is financing significant projects from its own funds, such as the one for the EUR 110 million Bistrica hydropower plant.

ERS did not increase the price of electricity for business customers and households, and it needs to secure funds for investments, he underscored.

Minister of Finance of the Republic of Srpska Zora Vidović announced in October that ERS would list bonds worth EUR 140 million on the Vienna Stock Exchange. The funds are intended for the construction of the Dabar and Bistrica hydropower plants, she added.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Romania-ambitious energy storage plans 5 GW by end 2026

Romania’s ambitious energy storage plans: 5 GW by end-2026

18 July 2024 - These ambitious energy storage targets are aligned with transmission system operator Transelectrica’s recommendations and analyses

ems serbia grid connection wind solar

Serbia opens new round of grid connection applications for wind, solar

17 July 2024 - TSO EMS has announced that September 1 would mark the start of the new interval for the preparation of studies for the grid connection

Trafigura Romanian renewables solar power Nala

Trafigura enters Romanian renewables market via solar power project purchase

17 July 2024 - Trafigura's subsidiary Nala Renewables bought a ready-to-build PV project of 61 MW in Romania with an option to integrate battery storage

western balkans wind solar investments study

Western Balkans have as many prospective solar, wind projects as Germany

17 July 2024 - Prospective utility-scale solar and wind capacity amounts to 23 GW or 70% more than a year ago, according to the latest study