Power Company Reports Record-high Revenue

Government-controlled power utility Elektroprivreda BiH said it achieved record revenue of 1.03 billion KM in 2016, 50 million KM more than in 2015. The company’s profit for the year amounted to 12.9 million KM, it said in a statement, without specifying if the figure refers to net or gross profit.

“Despite 2016 being the first fiscal year of open market rules and poor hydrologic and weather conditions, the continuous production, regular and stable supply of customers, and the achieved financial results, which were significantly higher than planned and above the results achieved in 2015, all indicate that EPBiH operated successfully and contributed to the preservation of the power sector as a stable part of the Bosnian economy,” the company said.

In 2016, EPBiH produced 7,244.7 GWh of electricity, boosted by a significant increase in production in coal power plants Tuzla and Kakanj.

 

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