Renewables

ERS to build 1,000 MW renewable energy power plants over next 10 years

ERS to build 1,000 MW renewable energy power plants over next 10 years

Photo: HPP Trebinje 1 (ERS)

Published

April 17, 2019

Comments

comments icon

0

Share

Published:

April 17, 2019

Comments:

comments icon

0

Share

Public power utility Elektroprivreda Republike Srpske (ERS) aims to invest EUR 1.25 billion in 1,000-MW renewable energy power plants over the next 10 years, said ERS general manager Luka Petrović.

As the company has an enormous potential to use renewables, the ERS strategy is to build 1,000 MW renewable energy power plants over the next ten years, including wind farms and solar power plants, but also to make better use of hydropower, which are all the requirements of the Energy Community Secretariat, Petrović said at the opening of the 5th Energy Summit in Neum.

He said that the Republika Srpska government and Ministry of Energy and Mining support all projects in the pipeline as well as those that are still in the project phase. However, ERS expects financing from EU funds and financial institutions.

ERS’s action plan envisages the construction of a 100 MW solar power plant in Trebinje, the construction of a 50 MW Hrgud wind farm, and hydropower plants (HPPs) Dabar, Dubrovnik 2, Buk Bijela, and Cijevna 3, as well as power plants on the Drina River, Petrović said.

He said that the projects’ estimated value is EUR 1.25 billion, while the participation of ERS will be about 15%.

There is ongoing fund planning to secure participation in the construction of these projects as a requirement of financial institutions, said Petrović.

According to the ERS general manager, the construction of new power plants will ensure ERS’s electricity exports, new jobs, support to local communities where the facilities are located, and the hiring of domestic companies.

This year’s Energy Summit is focused on energy transition – the policy of long-term structural changes in energy systems. The summit is organized by USAID and GIZ.

About 650 participants from the state and private energy sector in BiH, as well as representatives of the international community, are attending the summit. Representatives of the international community have appealed to the BiH authorities to adopt a set of legal measures to enable the sector reforms.

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

Agios Efstratios Greece first energy autonomous island

Agios Efstratios becomes Greece’s first energy-autonomous island

22 August 2025 - A hybrid energy project transforming Agios Efstratios into the first energy-autonomous island in Greece is in trial operation

voltfang used ev batteries energy storage

German startup Voltfang turning used EV batteries into energy storage for solar, wind

22 August 2025 - Voltfang says the facility is the largest of its kind in Europe, with annual output set to reach 250 MWh in 2026.

battery BESS storage astor enerji energy vault romania

Turkish firm Astor Enerji to install 2 GWh of battery capacity at its solar projects in Romania

22 August 2025 - Swiss energy storage provider Energy Vault will supply 2 GWh of battery storage capacity for Astor Enerji's solar power projects in Romania.

Investors in standalone batteries request extension as deadline looms in Greece

Investors in standalone batteries in Greece request extension as deadline looms

22 August 2025 - September 30 marks a crucial deadline for standalone battery projects selected through Greece's first two auctions