Although there are intensified announcement on project â€œHydro energy system Gornja Drinaâ€ 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 â€œHidroelektrane na Driniâ€ inc. ViÅ¡egrad has a significant problem to â€œcorkâ€ hole on
Although there are intensified announcement on project â€œHydro energy system Gornja Drinaâ€ 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 â€œHidroelektrane na Driniâ€ inc. ViÅ¡egrad has a significant problem to â€œcorkâ€ hole on existing damn.
â€œLeakageâ€Â under damn â€œbodyâ€ is not repaired, and construction company has not beenÂ selected after second international tender. This problem should been solved aÂ while ago, because energy output of the plant would increase for 5%, which isÂ anything by insignificant for the energy system.
This issue was raised onÂ the last meeting of shareholders of the company â€œHidroelektrane na Driniâ€, andÂ CEO of the company Mile LakiÃ¦ confirmed that for the second time internationalÂ tender was issued, and that they are in process of selecting construction company.Â Two companies submitted their interest in this project â€œStrabagâ€ from Austria
and â€œSolentageâ€ form France, but both companies raised their financial bidsÂ significantly when compared to their bids on the first tender. Funds for thisÂ project are in fact funds of European Investment Bank, which means that all
works related to those funds are managed by parent company â€œElektroprivredaÂ RSâ€.
OneÂ of the worst years
Last year was one of the worst for â€œHidroelektrane na Driniâ€, and management of theÂ company admits that lower outputs are mainly due to bad hydrological situation.Â Annual rainfall was 40% less than averagem which resulted in the lowest riverÂ flow in companyâ€™s history.
ThisÂ was the main reason that energy output of the plant in 2011 was 717,37 GWh orÂ 78% of planned output (916,00 GWh), and 56% of 2010 output (1.283,05 GWh).Â 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), whichÂ resulted in total net profit of only 249.867 KM.
WithÂ lower production, operational revenue was lowered for 50,74% when compared toÂ previous year and they amount to 20.964.440 KM, and operational expenses areÂ 25,54% lower compared to the previous year and amount to 24.001.141 KM â€“ soÂ operational loss accumulates to 3.036.698 KM