Bosnia's ERS to invest EUR 770 mln in green energy over 3 years
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.