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

Hidroelectrica-Masdar-joint-investment-floating-solar-power-1-5-GW

Hidroelectrica, Masdar mull joint investment in floating solar power of 1.5 GW

26 September 2023 - CEO Bogdan Badea said Hidroelectrica is considering a joint investment in floating solar panels of 1.5 GW with its partner Masdar

inobat serbia gigafactory batteries

Rio Tinto–backed firm InoBat selects location for battery gigafactory in Serbia

26 September 2023 - One of the investors in InoBat is Rio Tinto, which has been developing a lithium mining and processing project in the country

Biggest solar power plant Western Balkans completed Novaci North Macedonia

Biggest solar power plant in Western Balkans completed in Novaci in North Macedonia

26 September 2023 - Mey Energy said it commission a 55 MW photovoltaic facility in Novaci in North Macedonia before the end of the month

matija medojevic mepx CEO belen montenegro power exchange

Montenegrin Power Exchange on road to single European market

25 September 2023 - MEPX is working to fulfill the conditions for obtaining the NEMO status, CEO Matija Medojević told Balkan Green Energy News in an interview