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

0

Share

Published:

April 17, 2019

Comments:

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

istria adritic sea energy independence offshore wind

Adriatic peninsula Istria intends to use offshore wind to achieve energy independence

27 March 2023 - Offshore wind farms are seen as the only significant source capable of ensuring the energy self-sufficiency of Istria

Renalfa IPP Alpiq s 72 5 MW wind park Bulgaria

Renalfa IPP buys Alpiq’s 72.5 MW wind park in Bulgaria

27 March 2023 - Renalfa IPP agreed to take over the Vetrocom wind farm in Bulgaria, with a capacity of 72.5 MW, from Swiss company Alpiq

Climate change, water scarcity jeopardizing French nuclear fleet

24 March 2023 - The safety and operation of 56 existing reactors, as well as the planned ones, must be adapted to increasing climate extremes

Serbia monitoring, reporting and verifying GHG emissions world bank loan

Serbia to start monitoring, reporting, verifying emissions by 2026

24 March 2023 - The introduction of an MRV system derives from the terms of the government's loan agreements with the World Bank