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Bosnia's ERS to invest EUR 770 mln in green energy over 3 years

Green Energy

Photo by Blue Planet Studio/Shutterstock

The priority of Bosnian state-owned power utility Elektroprivreda Republike Srpske (ERS) is the construction of renewable energy power plants, as is envisaged in the energy sector development strategy, but also in the company's 10-year development plan, according to a report by Balkangreenenergynews.com.

ERS General Manager Luka Petrović has said that the three-year business plan envisages investments estimated at EUR 770 million (appr. USD 936.5 million). ERS is currently developing five major projects – hydropower plant Dabar, hydropower project Gornja Drina, hydropower plants on the Bistrica river, wind farm Hrgud, and solar power plant Trebinje 1, Srna reported. The company previously announced that it would build 1,000 MW (megawatt) of renewable energy power plants over next 10 years.

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