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.


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