Electricity

Luka Petrović: ERS intends to be regional seller of balance energy

Luka Petrovic ERS intends to be regional seller of balance energy

Photo: ERS

Published

June 11, 2021

Comments

0

Share

Published:

June 11, 2021

Comments:

0

Share

State-owned power utility Elektroprivreda Republike Srpske (ERS) plans to build hydropower plants and solar power plants, while wind farms will not be in its focus.

Luka Petrović, General Manager of ERS, said the company’s share of renewable energy sources is currently at 40% while that the goal is to reach 60% which implies finishing the construction of hydropower plants Dabar, Buk Bijela, Bistrica, as well as solar power plant Trebinje 1 and wind farm Hrgud.

The Republic of Srpska has a huge hydro potential, as well as great potentials for the development of wind and solar power plants, according to Petrović. But due to its intermittency, wind energy produces balancing costs for investors, which is why ERS opted primarily for the construction of hydropower plants and solar power plants, he said.

Balancing costs for wind farms are a problem for investors

So far, ERS has developed projects for 247 MW within the Trebinje-Ljubinje solar projects, which will be used with hydropower plants that are in the pipeline to sell balance energy to the surrounding countries, the company quoted Petrović as saying on its website.

Last year, ERS received a concession for the construction of the Trebinje 1 power plant, and took over the development of the Ljubinje photovoltaic plant, for which the tender flopped in 2018.

He noted that on July 13 the European Commission is set to present a proposal for a carbon border tax. European Union member states already pay EUR 54 per ton of CO2 equivalent while the Republic of Srpska isn’t in the system, the CEO added.

There is an idea to demonstrate the willingness to align with the EU policy by separating a certain amount of money and invest it in ERS’s renewables projects, Petrović said.

Authorities in BiH must understand the construction of new power plants is important for both the Republic of Srpska and the Federation of BiH

He said authorities in BiH must finally understand and acknowledge that the construction of energy facilities has great importance for both the Republic of Srpska and the Federation of BiH, and that individuals and institutions at the BiH level should stop blocking projects of general interest.

The Federation of BiH will also benefit from the projects, like HPP Buk Bijela, because the VAT from the sale of electricity will be paid to Bosnia and Herzegovina, and thus the Federation of BiH as well, Petrović said.

In his view, the goal of ERS and the Government of the Republic of Srpska is to urgently invest in renewable energy sources because it would maintain the lowest price of electricity for households in the entity.

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

BiH digitalization speed up investments

BiH turns to digitalization to speed up investments

01 October 2022 - A new application provides a customized guide for specific projects, with a list of permits, consents and other necessary documentation

Wind turbine Siemens Gamesa lay off 10 workforce

Wind turbine giant Siemens Gamesa to lay off 10% of workforce

30 September 2022 - Delivery delays and the rise in material costs forced Siemens Gamesa to cut 2,900 jobs as part of its restructuring plan

Rama Biggest issue not electricity price availability

Rama: Biggest issue will not be electricity price but its availability

30 September 2022 - Albania's Prime Minister Edi Rama called on citizens again to save electricity, saying it is not just about the financial cost

Gas interconnector Greece Bulgaria commercial operation October 1

Gas interconnector Greece-Bulgaria to start commercial operation on October 1

29 September 2022 - Greece and Bulgaria issued operating permits for the interconnector between the two countries' gas networks