Power utility ERS suffers net income plunge


August 14, 2015





August 14, 2015




The consolidated net profit of state-controlled power utility Elektroprivreda Republike Srpske (ERS) plummeted to BAM 9.1 million (EUR 4.7 million) last year, from EUR 27.15 million a year earlier, company data indicated, as reported by SeeNews.

Consolidated total revenues fell 5% to EUR 341.5 million while electricity output fell 10.5% to 5.7 TWh, data showed.

The three hydropower plants operated by ERS generated a combined 2.5 TWh, down 13.7% from 2013, when hydrological conditions were more favorable. The output of the utility’s two thermal power stations dropped 2.2% to 3.13 TWh.

ERS, which operates installed capacity of 1.35 GW, is the power utility of the Republic of Srpska, one of the two autonomous entities that form Bosnia and Herzegovina. The other is the Federation of Bosnia and Herzegovina, where power utilities Elektroprivreda HZHB and Elektroprivreda BiH, the largest of the three, are based.


Related Articles


Monsson to merge its wind farm, PV unit in Romania into hybrid power plant with storage

20 February 2024 - Monsson Group is developing a hybrid wind-solar-storage project with the largest battery energy storage system in Romania

kozloduy hyndai nuclear unit

Hyundai shortlisted for installing new nuclear units in Kozloduy

20 February 2024 - Bulgaria has called on potential contractors to express interest in the construction of a new nuclear power plant with AP1000 technology

GGF UniCredit Bank Serbia EUR 50 million renewables loan

GGF deepens cooperation with UniCredit Bank Serbia with EUR 50 million renewables loan

20 February 2024 - UniCredit Bank Serbia obtained a EUR 50 million loan from GGF for utility-scale renewables projects, strengthening its ties with the fund

EU approves EUR 6 9 billion state aid for hydrogen infrastructure

EU approves EUR 6.9 billion in state aid for hydrogen infrastructure

19 February 2024 - Strategic hydrogen project IPCEI Hy2Infra, which seven EU member states developed jointly, got a green light from the European Commission