State Aid Council says loan guarantee for new TPP Tuzla unit in line with BiH, EU regulations
The State Aid Council of Bosnia and Herzegovina (BiH) has announced that its decision on the state guarantee for the loan to construct a new unit of the Tuzla thermal power plant (TPP) is in line with the BiH and EU state aid regulations. The Council’s announcement was in reaction to the Energy Community Secretariat’s letter […]
EVN Macedonia developing nationwide EV charging network
Power distribution company EVN Macedonia, a subsidiary of Austrian-based EVN Group, is developing a nationwide network of electric vehicle (EV) charging stations in cooperation with municipalities in Macedonia, according to a news release from the company. Due to the limitations of the current EV technology, battery-powered EV driving is impossible without an EV charging station […]
Energy Community Secretariat advises Parliament of FBiH not to back loan for Tuzla 7 project
The Energy Community Secretariat has recommended to the Parliament of the Federation of Bosnia and Herzegovina (FBiH) not to approve a guarantee for a loan of EUR 614 million from the Export–Import Bank of China (China Exim Bank) to power utility Elektroprivreda Bosne i Hercegovine (EPBiH) for a new, 450 MW unit of the Tuzla […]
KfW signs EUR 1.1 million financing agreement to help prepare Bitovnja wind farm project
German development bank KfW and public power utility Elektroprivreda BiH (EPBiH) have signed a EUR 1.1 million financing agreement for the preparation of the Bitovnja wind farm project, one of the key renewable energy facilities envisaged to be built under the company’s long-term development plan, according to a media release from EPBiH. The funding for […]
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 […]
