“Leaking” Hydro power plant Drina

“Leaking” Hydro power plant Drina

Although there are intensified announcement on project “Hydro energy system Gornja Drina” in Republika Srpska, with total value of 450 mil Eur, and for which Government of Republika Srpska is seeking for strategic partner to have 51% share in the system, company “Hidroelektrane na Drini” inc. Višegrad has a significant problem to “cork” hole on

Although there are intensified announcement on project “Hydro energy system Gornja Drina” in Republika Srpska, with total value of 450 mil Eur, and for which Government of Republika Srpska is seeking for strategic partner to have 51% share in the system, company “Hidroelektrane na Drini” inc. Višegrad has a significant problem to “cork” hole on existing damn.

“Leakage” under damn “body” is not repaired, and construction company has not been selected after second international tender. This problem should been solved a while ago, because energy output of the plant would increase for 5%, which is anything by insignificant for the energy system.

This issue was raised on the last meeting of shareholders of the company “Hidroelektrane na Drini”, and CEO of the company Mile Lakiæ confirmed that for the second time international tender was issued, and that they are in process of selecting construction company. Two companies submitted their interest in this project “Strabag” from Austria
and “Solentage” form France, but both companies raised their financial bids significantly when compared to their bids on the first tender. Funds for this project are in fact funds of European Investment Bank, which means that all
works related to those funds are managed by parent company “Elektroprivreda RS”.

One of the worst years

Last year was one of the worst for “Hidroelektrane na Drini”, and management of the company admits that lower outputs are mainly due to bad hydrological situation. Annual rainfall was 40% less than averagem which resulted in the lowest river flow in company’s history.

This was the main reason that energy output of the plant in 2011 was 717,37 GWh or 78% of planned output (916,00 GWh), and 56% of 2010 output (1.283,05 GWh). Therefore the company accrued additional losses that needed to be fixed. This was done by financial income (2,3 mil KM) and other income (1,86 mil KM), which resulted in total net profit of only 249.867 KM.

With lower production, operational revenue was lowered for 50,74% when compared to previous year and they amount to 20.964.440 KM, and operational expenses are 25,54% lower compared to the previous year and amount to 24.001.141 KM – so operational loss accumulates to 3.036.698 KM

Renewable Energy Projects in Bosnia and Herzegovina

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