January 22, 2026
by in News

Petrović: ERS to launch construction of Trebinje 3, Hrgud this year

Power utility Elektroprivreda Republike Srpske plans to start the installation of the Trebinje 3 solar power plant and the Hrgud wind farm this year, according to CEO Luka Petrović.

Elektroprivreda Republike Srpske (ERS) already has projects in a ready-to-build phase through its subsidiary companies, Luka Petrović explained, Srpskainfo reported.

ERS is the dominant power producer and supplier in the Republic of Srpska, one of the two entities constituting Bosnia and Herzegovina.

The Trebinje 3 solar power plant, with a capacity of 53 MW, will be built first. The company has received a concession from the Government of the Republic of Srpska. The tender for construction will be launched soon, Petrović stressed.

Preparations for the Hrgud wind farm are also in the final stages, he added. Multi-year wind potential assessments and environmental studies have been completed. Petrović anticipates the start of construction this year. The planned capacity is 60 MW.

Wind energy attracts the most attention in the Republic of Srpska

The installation of the two power plants is expected to be finished by the end of 2027 or in early 2028, he asserted. The CEO added they would significantly contribute to the development of renewable energy sources.

He noted that wind energy attracts the most attention in the entity. The concessions commission of the Republic of Srpska has also awarded approvals for the construction of more than 1,200 MW of photovoltaic plants, Petrović recalled.

In his view, investments by private firms are dormant because solar power production is no longer profitable without battery energy storage systems (BESS).

Petrović: Many solar projects will not be completed

Solar energy prices are significantly lower than they were four to five years ago, Petrović added.

Many of these solar projects will not be finished, he underscored.

Of note, ERS decided late last year to revive the Hrgud wind project, which was halted after a decision by the German government.

The concession for the Trebinje 3 solar power project was awarded in April 2025.

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January 21, 2026
by in News

Petrović: ERS to launch construction of Trebinje 3, Hrgud this year

Power utility Elektroprivreda Republike Srpske plans to start the installation of the Trebinje 3 solar power plant and the Hrgud wind farm this year, according to CEO Luka Petrović.

Elektroprivreda Republike Srpske (ERS) already has projects in a ready-to-build phase through its subsidiary companies, Luka Petrović explained, Srpskainfo reported.

ERS is the dominant power producer and supplier in the Republic of Srpska, one of the two entities constituting Bosnia and Herzegovina.

The Trebinje 3 solar power plant, with a capacity of 53 MW, will be built first. The company has received a concession from the Government of the Republic of Srpska. The tender for construction will be launched soon, Petrović stressed.

Preparations for the Hrgud wind farm are also in the final stages, he added. Multi-year wind potential assessments and environmental studies have been completed. Petrović anticipates the start of construction this year. The planned capacity is 60 MW.

Wind energy attracts the most attention in the Republic of Srpska

The installation of the two power plants is expected to be finished by the end of 2027 or in early 2028, he asserted. The CEO added they would significantly contribute to the development of renewable energy sources.

He noted that wind energy attracts the most attention in the entity. The concessions commission of the Republic of Srpska has also awarded approvals for the construction of more than 1,200 MW of photovoltaic plants, Petrović recalled.

In his view, investments by private firms are dormant because solar power production is no longer profitable without battery energy storage systems (BESS).

Petrović: Many solar projects will not be completed

Solar energy prices are significantly lower than they were four to five years ago, Petrović added.

Many of these solar projects will not be finished, he underscored.

Of note, ERS decided late last year to revive the Hrgud wind project, which was halted after a decision by the German government.

The concession for the Trebinje 3 solar power project was awarded in April 2025.

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September 24, 2025
by in News

BiH’s power utility ERS sees EUR 14.8 million loss in 2025

Elektroprivreda Republike Srpske expects a loss of BAM 29 million (EUR 14.8 million) this year, according to the power utility’s CEO Luka Petrović.

The reasons for the poor business results of Elektroprivreda Republike Srpske (ERS) are bad hydrological conditions and an increase in electricity imports, Luka Petrović said, as quoted by news agency Srna.

ERS is one of the three state-owned power utilities in Bosnia and Herzegovina. It is in charge of the electricity production and supply in the Republic of Srpska, one of the country’s two political entities.

Of note, a week ago, the new Prime Minister of the Republic of Srpska Savo Minić called the situation in the electricity sector extremely complex. He has also set a 15-day deadline for setting up plans to overcome the issues.

Petrović: Electricity is imported for EUR 72 per MWh and sold to citizens for EUR 34 per MWh

Following the meeting of ERS’s management in Trebinje, Luka Petrović emphasized that the company’s electricity production would be significantly reduced, to 4,500 GWh. He previously said hydropower output decreased by 50% this year on an annual basis.

He recalled that ERS already purchased about 13% of electricity for domestic supply at high prices. The difference between purchase and sales prices will produce a loss of about BAM 29 million (EUR 14.8 million), Petrović added.

He noted that in 2023, when the hydrological situation was good, ERS achieved a record profit of BAM 146 million (EUR 74.6 million).

Of note, the company recorded a BAM 3.2 million (EUR 1.6 million) profit in 2024.

Petrović stressed that the electricity deficit would have to be purchased on the power exchange, at EUR 72 per MWh, while it is sold to citizens for EUR 34 per MWh, compared to the price for businesses of EUR 75 per MWh.

Imports this year reached BAM 60 million to BAM 70 million (EUR 30.7 million to EUR 35.8 million)

Two consecutive years with drought can disrupt the cash flow because there is no export capacity, Petrović explained.

He asserted that ERS’s electricity exports over the past few years were worth BAM 100 million to BAM 200 million (EUR 51.1 million to EUR 102.2 million) per annum, while imports were between BAM 30 million and BAM 60 million. This year, electricity bought abroad amounted to between BAM 60 million and BAM 70 million (EUR 30.7 million to EUR 35.8 million).

Of note, in previous years, BiH was the largest net exporter of electricity in the region. However, imports were nearly 4.5 times higher in the first half of the year than in the same period of 2024. Another power utility, Elektroprivreda BiH (EPBiH), is increasing losses.

Government to hold a session about ERS

Petrović noted that the company has repaid a loan of BAM 78 million (EUR 39.9 million) and another of BAM 60 million (EUR 30.7 million).

A government session about ERS is planned. He will propose that it be held at the Ugljevik thermal power plant, from which a third of the electricity is delivered to Slovenia.

In addition, the management of ERS has requested further rationalization of all operating costs.

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May 6, 2025
by in News

Republic of Srpska awards concession for Trebinje 3 solar project

The Ministry of Energy and Mining of the Republic of Srpska, one of the two entities constituting Bosnia and Herzegovina, has awarded a concession to power utility Elektroprivreda Republike Srpske for the proposed Trebinje 3 solar power plant.

The Trebinje 3 photovoltaic plant would have an installed capacity of 53.63 MW and an estimated annual production of 85.5 GWh.

According to the ministry, construction is expected to be completed within the next four years. The concession has been granted for 50 years and the total investment value is BAM 84.2 million (EUR 43.1 million), the ministry said.

Before finalizing the concession contract, the concessionaire, state-owned Elektroprivreda Republike Srpske (ERS), delivered a one-off payment to the budget of the Republic of Srpska of BAM 842,049 (EUR 430,992).

Almost the entire amount of the concession fee will be allocated to the budget of the City of Trebinje

After the facility becomes operational, the concessionaire will be obligated to pay a fee of BAM 0.0055 (EUR 0.0028) per kWh of generated electricity to the budget of the Republic of Srpska. A 95% share is allocated for the budget of the city.

The concession agreement for the construction and operation of the Trebinje 3 solar power plant was signed by the Minister of Energy and Mining of the Republic of Srpska Petar Đokić, who will be among the speakers at Belgrade Energy Forum 2025 (BEF 2025), and ERS CEO Luka Petrović.

ERS already has two concessions for solar power projects

It is the third concession that the company received for solar power plants from the government. The first, for Trebinje 1, with a capacity of 73 MW, was awarded in 2020..It was followed by Trebinje 2, for 53 MW, awarded in 2022. Neither of the two PV plants has been constructed yet.

In March 2022, ERS announced Lugos Renewables was acquiring 70% ownership of the Trebinje 1 project, with ERS retaining control of the remaining 30%.

In February of this year, the Government of the Republic of Srpska approved concessions for two solar power projects. Their total capacity would be 110 MW.

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