Elektroprivreda BiH (EP BiH) achieved a record revenue in 2016 when it comes to the recent history of the company, which amounted to one billion and 34 million BAM, which is 50 million BAM more than in 2015.
The profit earned in the previous year amounts to 12.86 million BAM.
“Despite the fact that 2016 is the first fiscal year in terms of the open electricity market, and despite the bad hydrological and weather conditions, continuous production, regular and stable supply of customers, achieved financial results that are significantly higher than planned and the results achieved in 2015 are indicators of successful operations and contribution to the preservation of the power sector as a stable part of the economy of BiH,” as said in the statement of EP BiH.
In the past year in capacities of Elektroprivreda BiH, with a significant increase in production in thermal power plants Tuzla and Kakanj, was produced a total of 7244.7 GWh of electricity.
For the first time in the recent history of Elektroprivreda BiH, in 2016 were reduced prices for final customers of electricity at 110 kV, 35 kV and 10 kV network, other spending and public lighting, which is a confirmation of social responsibility activities and operations of the company.
Besides preserving the position of the largest producer and supplier of electricity in our country in 2016, Elektroprivreda BiH has maintained the status of one of the largest investors in BiH as well.
Within continuation of the process of recapitalization, within Koncern EP BiH was adopted the investment plan for the period 2016-2018, in the amount of 329 million BAM.
“These business successes in 2016 are confirming the continuity of positive, liquid and stable operation of Elektroprivreda BiH, with regular payment obligations to suppliers, government bodies, and institutions, as well as employees and creditors,” as said by the Department of Communications EP BiH.
Report on the business operations in the past year was adopted by the Supervisory Board of Elektroprivreda BiH Sarajevo at the meeting held on Thursday, the 23rd of February.