Bosnia and Herzegovina, EPBiH recorded a net profit in the amount of 3.15 million euros in 2022, SEE Energy News
Bosnian state-owned power utility EPBiH recorded a net profit in the amount of 3.15 million euros in 2022, which is about a half of 3.3 million euros profit recorded in the previous year.
The company’s total revenues in 2022 amounted to 664 million euros, which is 16.8 % higher compared to 2021.
On the other hand, total expenditures also rose by 17.2 % year-on-year, reaching 661.5 million euros in 2022.
According to 2023-2025 Business Plan, EPBiH projects that its pre-tax profit in 2023 would increase to 59.3 million euros in 2023, 135 million euros in 2024 and 201 million euros in 2025. Regarding revenues, the projections are: 730 million euros in 2023, 767 million euros in 2024 and 836 million euros in 2025.
EPBiH planned to produce a total of 5,881 GWh of electricity in 2022, significantly lower compared to 6,677 GWh generated in 2021. For the 2023-2025 period, the company expects to produce a total of 19,380 GWh of electricity, 21.1 % of which would come from hydropower plants, with the remainder generated by coal-fired thermal power plants, as well as wind and solar.
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