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April 27, 2015 3:33 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of JP Elektroprivreda BIH D.D. Sarajevo

Company Overview

JP Elektroprivreda BIH D.D. Sarajevo, an electric utility company, engages in the generation and distribution of electricity in Bosnia and Herzegovina. The company generates and distributes thermal and hydro power. Its activities also include supply of electricity; trading, representation, and mediation on the local electricity market; export and import of electricity, including the management of electricity system; generation and supply of electricity for unqualified (tariff) customers; and electricity distribution. JP Elektroprivreda BIH D.D. Sarajevo was founded in 1945 and is based in Sarajevo, Bosnia-Herzegovina.

Vilsonovo šetalište 15

Sarajevo,  71000

Bosnia-Herzegovina

Founded in 1945

Phone:

387 33 751 000

Fax:

387 33 751 008

Key Executives for JP Elektroprivreda BIH D.D. Sarajevo

Executive Manager for Legal and Personnel Affairs
Age: 60
Executive Director of Supply & Trade
Age: 56
General Manager and Director
Age: 47
General-Manager
Age: 40
Executive Manager for Generation
Age: 45
Compensation as of Fiscal Year 2014.

JP Elektroprivreda BIH D.D. Sarajevo Key Developments

Elektroprivreda BiH Reports Earnings and Operating Results for 2014

Elektroprivreda BiH reported earnings and operating results for 2014. For the period, the company's net profit plunged to almost BAM 6 million from BAM 39.5 million a year earlier. Operating revenue fell 2.9% to BAM 952.3 million in 2014. In 2014, the company's electricity output fell 0.9% to 7,403.6 GWh, mainly due to weaker natural water flows which led to a 16% drop in electricity generated at hydro power plants.

Elektroprivreda BiH Eyes EUR 1.07 Billion in Investments in 2015-2017

Elektroprivreda BiH said it plans investments totaling BAM 2.1 billion ($1.2 billion/EUR 1.07 billion) in the 2015-2017 period. The company 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.

Elektroprivreda BiH Reports Earnings Results for the First Half of 2014

Elektroprivreda BiH reported earnings results for the first half of 2014. For the period, the company reported its net profit fell to BAM 9.1 million ($6.2 million/€4.6 million) from BAM 22.2 million a year ago. Operating revenue fell 2.5% to BAM 476.6 million through June while operating costs rose to BAM 461 million from BAM 444.5 million.

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Type
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Private Placement
May 29, 2014
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