FBiH Parliament approves Tuzla 7 guarantee despite Energy Community objection
The House of Representatives of the Parliament of the Federation of Bosnia and Herzegovina (FBiH) has approved a guarantee for a EUR 614 million loan from the Export–Import Bank of China’s (Chexim – China Exim Bank) to state-owned power utility Elektroprivreda BiH (EPBiH) to build a new, 450 MW unit of the Tuzla coal-fired power […]
EPBIH’s net profit surges to nearly EUR 27 million in 2018
State-owned power utility Elektroprivreda BiH reported a net profit of BAM 52.4 million (some EUR 26.8 million), up some 84 times compared to 2017, when it stood at BAM 620,282 (about EUR 317,000). The company’s net profit in 2018 was also higher than in 2016, when it was at BAM 12.9 million (around EUR 6.6 […]
Independent lawyers’ report confirms Tuzla 7 guarantee contains elements of state aid
Independent lawyers have confirmed the Energy Community (EnC) Secretariat’s finding that the Tuzla 7 guarantee contains elements of state aid, the Secretariat said in a press release. It asked the State Aid Council of Bosnia and Herzegovina (BiH) to re-examine the guarantee in line with the EnC state aid acquis. A week ago, the Secretariat […]
Siemens, EPBiH sign contracts worth EUR 69 million for Podveležje wind farm
State power utility Elektroprivreda BiH (EPBiH) and a consortium led by Croatia-based Siemens Gamesa have signed two agreements, worth some EUR 69 million, on the construction and five-year maintenance of 15 wind turbines at the Podveležje wind farm, with a total installed capacity of 48 MW, according to a statement from EPBiH. The consortium, comprising […]
Energy Community Secretariat urges Parliament to postpone decision on Tuzla 7 guarantee
The Energy Community (EnC) Secretariat has urged the Parliament of the Federation of Bosnia and Herzegovina (FBiH) to postpone its decision on a guarantee for the Export–Import Bank of China’s (Chexim – China Exim Bank) loan to state-owned power utility Elektroprivreda BiH (EPBiH) to build a new, 450 MW unit of the Tuzla coal-fired power […]
5% electricity price increase approved for businesses, down from 15% sought by EPBiH, ERS
State-owned power utilities Elektroprivreda Bosne i Hercegovine (EPBiH) and Elektroprivreda Republike Srpske (ERS) did not receive the authorities’ nod to raise the electricity price for businesses as much as they had requested. Both companies asked for a 15% hike and were only allowed a 5% increase. The decision to lower the requested price increase followed […]
Electricity prices across the region to increase by up to 40% in 2019
Electricity prices for businesses went up in Croatia this year, while hikes have been announced for 2019 in Serbia, of about 20%, and Bosnia and Herzegovina (BiH), of around 15%. At the same, wholesale prices in Romania could increase by 40%. Electricity supply for the business segment in the region has been liberalized, and state […]
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 […]
