JP Elektroprivreda BiH d d Sarajevo : EPBiH 2016 – Record income of 1,034 billion KM;start of construction HPP Vranduk

The fact is that 2016 was for EPBiH the first year at open electricity market and year of bad hydrological conidtions .
In spite of fact that 2016 was the first year at open market and bad hydrological conditions Elektroprivreda BiH achieved financial results better from the planned due to continuity in production and stabile supply of electricity .The successful operation of the company contributed to be kept electro sector as stabile part of the economy in Bosnia and Herzegovina .
In the past year Elektroprivreda BiH generated electricity from Thermal Power Plant 'Tuzla' and 'Kakanj' electricity in amount of 7.244,7 GWh . The better electricity production results have been achieved due to high operation readiness and increase of coal production near to 5 million tons The coal production increased for approximately 445.000 tons or 10%. in relation to 2015 .
For the first time in new business history Elektroprivreda BiH Sarajevo in 2016 reduced the prices of electricity to end - consumers on 110 kV, 35 kV , 10 kV network , to other consumers and public lighting . That confirms that the company operate as social responsible group .
By keeping the position of the biggest electricity producer and supplier in 2016 in country Elektroprivreda BiH has kept status as one of the largest investors in Bosnia and Herzegovina . Within relization of strategic project and begining construction of HPP Vranduk it is the first hydro power plant from 1980 and first one on the Bosna river . It was announced public procurement for best performer and suppliers for construction of Wind Park Podveležje and draft for credit agreement for construction of Block 7 at TPP Tuzla . It have been submitted to Federal Ministriry for Finance for issuing guarantees for the credit arrangement for the Block . Within continuing process for recapitalization of Coal mine , plan investment for 2016-2018 was also adopted in amount of 329 million KM .
The realized business successes in 2016. confirm continuity of positive and stabile operation of Elekroprivreda BiH by fulfiling all duties refering to suppliers and institutions .as well as to employees and creditors .
The business report in the past year the Supervisory board of JP Elektroprivreda BiH d.d.-Sarajevo adopted at the session held on 23.02.2017.