Power utility EPBiH swings to EUR 15 million net profit in H1
Power utility Elektroprivreda BiH (EPBiH) reported a net profit of around BAM 28 million (some EUR 15 million) in the first half of 2018, after posting a loss of nearly BAM 23 million (about EUR 12.4 million) in H1 2017. The financial data is partly due to poor hydrological conditions and bad weather last year […]
EPBiH not to pay dividends for 2017 as drought drives down profit
Shareholders of power utility Elektroprivreda BiH (EPBiH), majority owned by the Federation of Bosnia and Herzegovina (FBiH), do not stand to get dividends for 2017, when the company saw its net profit plunge to BAM 620,282 (approximately EUR 317,000), from BAM 12.9 million (around EUR 6.6 million) a year earlier. Under a decision to be […]
EPBiH seeks bids to build 15 small HPPs, as wind farm to go online in Q4 2019
Power utility Elektroprivreda BiH (EPBiH) has invited tenders for construction works worth an estimated EUR 5.66 million (BAM 11 million) on 15 small hydropower plants (HPPs) on the Neretvica river, as it plans to put an EUR 83 million wind farm into operation in the fourth quarter of 2019, Senad Salkić, executive director for capital […]
Bosnia seeks to avert loss of KfW funds in wake of HPP Salakovac project pullout
Bosnia and Herzegovina’s (BiH) Finance and Treasury Minister Vjekoslav Bevanda has organized a meeting with representatives of German development bank KfW and power utility Elektroprivreda BiH (EPBiH) in an attempt to prevent the suspension of multi-million projects in BiH financed by the German government, after EPBiH decided to abandon a project to reconstruct hydropower plant […]
Coal-fired power plant Tuzla invested EUR 125 million in ecological projects
Thermal Power Plant (TPP) Tuzla has invested EUR 125 million into ecological projects from 1996 to date. Total investment in the past year amounted to EUR 4.4 million, of which EUR 1.1 million or nearly 25% for environmental projects. “The result of upgrading electro-filter facilities, installing pneumatic ash transport, cooling tower’s overhaul, closing the return […]
German-Chinese consortium interested in construction of heating pipeline from TPP Kakanj to Sarajevo
The construction of heating pipeline from thermal power plant Kakanj would secure long-term reliable heating for Sarajevo and areas along its route from a domestic power source, it was said at a meeting organized by the Chamber of Economy of the Federation of Bosnia-Herzegovina (PKFBiH). The project, whose goal is to help solve the problem […]
Croatian Končar to take over construction of Vranduk hydro power plant
The construction of hydropower plant (HPP) Vranduk in Bosnia and Herzegovina will be the sole responsibility of Croatian company Končar after Austrian Strabag withdrew from the project. Končar will take over the role of the consortium leader, daily Dnevni Avaz reported citing sources close to the state-owned power utility Elektroprivreda BiH (EPBiH)’s management. Strabag, the […]
Attempts to revive Vranduk HPP project in Bosnia and Herzegovina
The companies involved in the construction of the Vranduk hydro power plant in Bosnia and Herzegovina have been trying to find a way to continue the construction of this HPP after the termination of the contract. Austrian Strabag has been exploring the possibility of settlement, while state-owned power utility Elektroprivreda BiH (EPBiH) has initiated talks […]