Electricity

Serbia’s EPS to take over majority of company HES Gornja Drina in BiH

EPS to take over majority ownership over company HES Gornja Drina in BiH

Government of the Republic of Srpska

Published

November 6, 2020

Comments

comments icon

0

Share

Published:

November 6, 2020

Comments:

comments icon

0

Share

In the next two months, power utility Elektroprivreda Srbije (EPS) should take over the majority ownership over the company HES Gornja Drina from power utility Elektroprivreda Republike Srpske (ERS).

Development firm Hidroenergetski Sistem Gornja Drina is registered in Bosnia and Herzegovina, where it has received a concession for building three hydropower plants on the Drina river with an overall installed capacity of 180 MW –  HPP Buk Bijela (93 MW), HPP Foča (44 MW) and HPP Paunci (43 MW).

The decision to change the ownership structure was made by the Government of the Republic of Srpska. Competition watchdogs in Serbia and BiH approved the move.

The Commission for Protection of Competition of Serbia granted consent to EPS for the management of the joint venture.

EPS will own 51% and ERS 49%

The Council of Competition Bosnia and Herzegovina decided there was no obligation to report on market concentration in the case. The independent body said HES Gornja Drina is not an active participant in the market of production and distribution of electricity, and that it will become one when power plants are built.

The Government of the Republic of Srpska approved the transfer of a 51% stake in HES Gornja Drina from ERS to EPS. It means ERS would remain the owner of the remaining 49%.

HES Gornja Drina is obliged to submit a request for the change in ownership in the register of business entities within 60 days from the receipt of the decision. The firm must also inform the Concessions Commission of the Republic of Srpska and the Ministry of Mining and Energy.

The decision was made at the government session held on October 22, and entered into force on November 4, the day after its publication in the Official Gazette of the Republic of Srpska.

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

Romania-ambitious energy storage plans 5 GW by end 2026

Romania’s ambitious energy storage plans: 5 GW by end-2026

18 July 2024 - These ambitious energy storage targets are aligned with transmission system operator Transelectrica’s recommendations and analyses

ems serbia grid connection wind solar

Serbia opens new round of grid connection applications for wind, solar

17 July 2024 - TSO EMS has announced that September 1 would mark the start of the new interval for the preparation of studies for the grid connection

Trafigura Romanian renewables solar power Nala

Trafigura enters Romanian renewables market via solar power project purchase

17 July 2024 - Trafigura's subsidiary Nala Renewables bought a ready-to-build PV project of 61 MW in Romania with an option to integrate battery storage

western balkans wind solar investments study

Western Balkans have as many prospective solar, wind projects as Germany

17 July 2024 - Prospective utility-scale solar and wind capacity amounts to 23 GW or 70% more than a year ago, according to the latest study