Bosnian Power Utility Elektroprivreda HZ HB To Invest 52.2 Mln Euro in 2010

SARAJEVO (Bosnia and Herzegovina), March 29 (SeeNews) – Bosnian power utility Elektroprivreda HZ HB said it will invest 102 million marka ($69.6 million/52.2 million euro) in 2010.

The company plans to bring on stream its HE Mostarsko Blato hydro power plant in 2010, it said in a statement posted on its website on Friday without elaborating.

Elektroprivreda HZ HB awarded in 2007 a 25 million marka contract to Croatian construction company Konstruktor-Inzenjering to build the 62 megawatt Mostarsko Blato hydro power plant. The power utility has said the plant is expected to deliver 170 gigawatthours (GWh) of electricity per year.

On the development side, Elektroprivreda HZ HB will focus on renewable energy, in particular, on preparations for the construction of its 44 megawatt (MW) Mesihovina wind farm and the pumped-storage hydro power station Vrilo, the statement said.

The power utility reported a net profit of 23.3 million marka and an electricity output of 1,940 GWh in 2009.

Elektroprivreda HZ HB (www.ephzhb.ba) manages six hydro power plants with a total installed capacity of 792 MW.

Elektroprivreda HZ HB, the smallest of Bosnia's three state-owned power utilities, is based in the Muslim-Croat Federation. The country's largest power utility is Elektroprivreda BiH, also based in the Federation, which together with the Serb Republic forms Bosnia. Elektroprivreda RS is the power utility of the Serb Republic.

(1 euro=1.95583 Bosnian marka)

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