Bosnia and Herzegovina, EPBiH adopted a report on the company’s operations in 2021

, SEE Energy News

Bosnian state-owned power utility EPBiH adopted a report on the company’s operations in 2021. Key elements are that electricity generation reached 6,677 GWh in 2021, 7 % more than in 2020, while consumption in its supply area increased by 3.5 % year-on-year.

EPBiH’s net profit in 2021 amounted to 6.3 million euros, of which 1.2 million euros will be distributed as dividends, while the remaining 5.1 million euros is allocated to reserves.

With investments exceeding 50 million euros, EPBiH was one of the largest investors in Bosnia and Herzegovina in 2021. However, the realized investments were noticeably lower than planned. In addition, EPBiH invested about 4 million euros in its coalmines through recapitalization.

Regarding projects, the construction of Podvelezje wind farm, the first wind farm owned by EPBiH, was completed in March 2021. The company also launched and completed preparatory works for the construction of unit 7 at coal-fired thermal power plant Tuzla.

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