Supported byClarion Energy
HomeSEE Energy NewsBiH: HET recorded...

BiH: HET recorded a 7.7 million euros profit in the first six months

Hidroelektrane na Trebisnjici, a subsidiary of a public power utility ERS, recorded a net profit of 7.7 million euros in the first six months of 2023. That is almost double compared to the same period last year.

HET’s revenues in the first six months increased by 21%, reaching 24.7 million euros. Total expenditures rose by 12% to 16.5 million euros.

HET recorded a net profit of 11.8 million euros in 2022, compared to net profit of 3 million euros in the previous year.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

ERS revises qualification rules for 60-MW Hrgud wind farm tender

Bosnian Serb power utility ERS has eased qualification requirements for the 60-MW Hrgud wind farm tender, following an appeal against the procurement documentation. The change widens the pool of potential bidders for the project’s €95 million engineering, procurement, construction...

ERS rejects immediate power tariff rise amid new renewables pipeline

Tariff position and price outlook Bosnian Serb power utility ERS has ruled out an immediate electricity-price increase, according to ERS General Director Luka Petrovic. The utility said it is relying on new wind, solar and hydropower projects to expand supply...

ERS unit seeks €11m capital boost for HE Bistrica hydropower project

Proposed recapitalisation and shareholder vote Hidroelektrane na Drini, part of Bosnia and Herzegovina’s Serb power utility ERS, is preparing another recapitalisation of the project company HE Bistrica. The latest proposal would convert around €11 million of short-term loans into permanent...
Supported byVirtu Energy