ERS: KfW loan for Hrgud wind farm favourable

The KfW loan for the Hrgud wind farm in Berkovići is one of the most favourable. This is the reply of the ERS’ management to the opposition’s accusations that the decision on the loan is a violation of law. Since guarantees for the loan for the Hrgud wind farm construction are provided by the government, it is […]

Republic of Srpska and KfW agreed EUR 60 million credit for Hrgud wind farm

The Government of the Republika Srpska approved EUR 60 million credit by German KfW Development Bank for financing the Hrgud windfarm project, as confirmed by the Ministry of finance. State-owned utility Elektroprivreda (ERS) from Trebinje, received 50 years concession for the construction and operation of the Hrgud wind farm in Berkovići municipality a year ago. Now, […]

Works start on headrace gallery for Dabar hydro plant

The construction of a new hydropower plant in Nevesinje in the Republic of Srpska began last week with the launch of a project of a tunnel worth BAM 112 million (EUR 57.3 million), Srna agency reported. Total investment into the 159 MW Dabar facility in the southeast of Bosnia and Herzegovina is estimated at EUR 180 million, while expropriation […]

ERS inks concession for hydro project Buk Bijela

The Government of the Republic of Srpska signed an agreement with a consortium organized by state-owned utility Elektroprivreda Republike Srpske (ERS) and its subsidiary Hidroelektrane na Drini from Višegrad, for the construction and operation of hydropower plant Buk Bijela. The project worth BAM 382.4 (EUR 195.1 million) on the Drina river in Bosnia and Herzegovina’s […]

ERS selling electricity surplus via tenders

State-controlled power utility Elektroprivreda Republike Srpske (ERS) closed this year’s second call for applications in the sale of 59.28 GWh of electricity surplus. The previous tender was for 31.92 GWh, both available for delivery between June 1 and June 19. Bids were placed for either the full amount or a portion – but not lower than […]

EBRD mulling EUR 15 million loan for grid, smart meters

Dependent enterprise (ZP) Elektrokrajina a.d. Banja Luka, the biggest distribution within utility holding Elektroprivreda Republike Srpske (ERS) Trebinje, is expecting approval from the board of the European Bank for Reconstruction and Development for a loan worth EUR 15 million. The target date is September 7, the financing institution said, adding it is considering the endeavour […]

News May 18, 2016