Bosnian state-controlled power
utility Elektroprivreda BiH, said on Thursday it plans investments
totaling 2.1 billion marka ($1.2 billion/1.07 billion euro) in the 2015-2017
period.
Elektroprivreda BiH (EPBiH) said in a statement issued after its
shareholders approved its three-year business plan that it intends to invest the
funds - raised from own and external sources, in production, distribution,
supply, and trade operations, capital infrastructure, mining and other joint
projects.
The company's strategic objectives for the three-year period
are building replacement thermal capacity and power generation capacity using
renewable sources, completing the recapitalization of the group's mines and
their modernization and restructuring the company in line with local and EU
regulations.
Over the timeframe of the three-year business plan, the
utility will prioritize the construction of the new Unit 7 at the Tuzla thermal
power plant, the 48 MW Podvelezje wind park, the 20 MW Vranduk hydro power plant
(HPP) and the 13.3 MW Janjici HPP as well as the construction of small HPPs on
the Neretvica river.
In January, EPBiH, which operates an installed power
generation capacity of 1,682 MW, told SeeNews it plans to raise electricity
output by 3.3% to 7,651 GWh in 2015, mostly due to expected shorter downtime at
its thermal power plants for regular overhauls