Generation, distribution & supply of electricity
Established in 1946 Share Capital 1.144 billion EUR (90 % state
& 10 % private share) Operates with 2 TPPs, 3 HPPs & 8
small HPPs The biggest company in B&H Company profile
Slide 3
TPP Tuzla 90% state 10% private Generation Distribution &
Supply TPP KakanjHPP on Neretva ED Bihac ED Tuzla ED Zenica ED
Sarajevo ED Mostar Company structure
Slide 4
2013 Current facts
Slide 5
DescriptionDec. 31, 2013 Dec. 31, 2012 Dec. 31, 2011
Shareholders capital 1,144 mil. Operational revenues
497,3454.0467.1 mil. Operational expenditures 392,5378.3397.1 mil.
EBITDA 104,875.770.0 mil. Profit/Loss 18,93.60.8 mil. Production
7,4736,5097,295 GWh Installed capacity 1,682 MW Number of customers
724.607715.411707.301 Number of employees 4.8484.8734.878 Companys
key indicators
Production indicators GWh 20122013 % Production 6,5097,473
+14.8% Thermal 5,3685,550 +3,4% Hydro 1,1411,923 +68,5% Hydro %
17%17%26% End users (Gross) 4,9004,980 +1.6%
Slide 9
Production and coal supply Coal purchase in 2013: 5,536
thousand tons -11,2% compared to 2012 Thermal power generation is
dominant and is participating in total production between 70 80%
Hydro power generation is inferior and is participating in total
production between 20 30% EPBiH is 100% owner of seven coal mines
within FBiH More than 85% of the total coal is produced within own
coal mines Price of coal is defined by the FBiH Government (90%
owner of EPBiH)
199920002001200220032004200520062007200820092010201120122013
2,943,4883,4094,0874,3064,6064,6224,9855,1395,735,6575,3626,1926,2325,536
Slide 10
Average electricity market sales price
Year20062007200820092010201120122013 Average price
(/MWh)35.447.056.364.944.951.153.351,1
Slide 11
NEW CAPITAL INVESTMENTS IN EPBiH
Slide 12
Background of the opportunity Bosnia and Herzegovina is the
country with the highest energy potential in Southeastern Europe:
Bosnia and Herzegovina is a net exporter of electric power 8.1% of
Bosnias total exports is related to electric power Total currently
installed and operating capacity - 3.400 MW Energy production
capacities are not fully exploited. The total estimated hydro
potential in BIH is estimated of 23,395 GWh/per year (of which only
approx. 25% are being utilized) BIH has significant reserves of
coal (3.7 billion tons of lignite and 2.2 billion tons of brown
coal) which allow development of new thermal power plants. The
Government of the Federation of BIH announced a series of projects
in the energy sector in the total value of 5 billion as a major
building block of the economic strategy of the country
Slide 13
Investment environment Reliable energy supplier in the country
and region; Meet the requirements of EU & increase of
generation from renewable energy sources; Massive investments
needed in energy sector Increasing demand for energy Volatility in
energy prices DRIVERS What will we do? > Uptake new technologies
> Significantly reduce CO2 emissions > Increase the
efficiency of existing thermal power plants (replacement project)
> Diversify the energy portfolio and increase the reliability
> Improve distribution network > Jobs creation Frequent
outages Resource endowment Technical Capacity Projects are based on
Strategic plan and program of development of energy sector in
Federation of B&H and Government decisions
Slide 14
WF Podvele je WF Vlai TPP Kakanj, Unit 8 TPP Bugojno, Unit 1
TPP Tuzla, Unit 7 in tendering stage HPP Ustikolina HPP Vranduk in
tendering stage HPP Krusevo & Zeleni vir HPP Kovani i SHPP on
Neretvica river List of ongoing projects Renewable Energy PP - Wind
WF Vlai WF Podvele je in tendering stage
Slide 15
Investment Plan 2013 - 2015
Slide 16
Thermal power plants - planned projects (Investors/strategic
partner/JV) TPP KAKANJ, UNIT 8 Investment ready TPP & COAL MINE
BUGOJNO, UNIT 1 Planning phase TPP TUZLA, UNIT 7 In tendering phase
Replacing cogeneration unit at the existing location 450 MW /2.756
GWh Investment: 842 mill. 2013 2018 Replacing cogeneration unit at
the existing location 300 MW / 1.755 GWh Investment: 626 mill. 2014
2019 The new cogeneration unit and coal mine 300 MW / 1.755 GWh
Investment: 681 mill. 2016 2021
Slide 17
Hydro power plants - planned projects HPP VRANDUK In tendering
phase Run-of-river, diversion plant 20 MW /96 GWh Investment: 64,6
mill. 2012 2015 HPP USTIKOLNA Investment ready Run-of-river, plant
inside dam 60 MW / 247 GWh Investment: 123 mill. 2015 2018 SHPPs ON
NERETVICA RIVER Planning phase Investment: 49,7 mill. 2012 2014/
2015/ 2016 15 plants to be constructed in 3 phases 26,1 MW / 102
GWh HPP KRUSEVO & ZELENI VIR Planning phase Kruevo:
Accumulation, Zeleni Vir: Run-of-river, plant inside dam 9,7+2,1 MW
/ 21,7+8,4 GWh Investment: 46,6 mill. 2016 2019
Slide 18
Wind farm - planned projects WF Podvele je In tendering phase
New project on new location 46 MW /93 GWh Investment: 64 mill. 2013
2015 WF Vlai Planning phase New project on new location 48 MW / 98
GWh Investment: 64 mill. 2015 2017
Slide 19
Project description TPP Kakanj History of the plant & new
project The TPP Kakanj is located in the center of Bosnia, 40 km
from Sarajevo. The first units of the TPP were completed in 1956.
The current installed power amounts to 578 MW with an annual output
of 2.300 GWh. Yearly consumption of coal amounts to 1,8 million
tons. The planned construction of the new TPP Unit will provide
replacement capacities for the part of the existing units which
will be shut down. All the required infrastructure for the
construction of the replacement TPP Unit is available Connection to
a 400 kV grid (currently under - loaded) is secured. Long-term
supply of coal for the duration of the project and beyond is
secured. The new Unit will be designed as a cogeneration unit to
provide long term supply of heating energy to the nearby towns.
Environmental impacts Increased energy efficiency and accordingly
reduced emission of greenhouse gases The new Unit is designed in
compliance with technologies, which assures the emission of all
pollutants to be below the permissible limit values and in
accordance with the EU legislation
Slide 20
Project description TPP Kakanj current status Project
preparation progress as of today Required decisions by the
Government Required decisions by the Government Completed Studies
& Preparation Completed Studies & Preparation Permits
obtained & documents in preparation Permits obtained &
documents in preparation Completed Preliminary design of the plant
Investment study Environmental study Preliminary design of the
plant Investment study Environmental study Enviromental permit
obtained Land permit obtained Grid connection permit obtained
Enviromental permit obtained Land permit obtained Grid connection
permit obtained Planned activities Tender for the investitors
Tender for the investitors Joint project preparation Joint project
preparation Start of construction & operations Start of
construction & operations Closing of the financial structure
Decision on equipment supplier Issuance of the construction permit
Closing of the financial structure Decision on equipment supplier
Issuance of the construction permit Start of civil works Start of
commercial production Start of civil works Start of commercial
production Issuance of the tender Application deadline Decision on
the investitors Issuance of the tender Application deadline
Decision on the investitors
Slide 21
Project description TPP Kakanj - summary Basic project data
ItemsValues Installed power300 MW Production (based on 6.500 hours
of production)1.755 GWh Efficiency in condensing mode39% Efficiency
in cogeneration mode> 70% Coal consumption1,3 million tons/year
Emission SO2< 150 mg/Nm3 Emission Nox< 200 mg/Nm3 Emission
Dust< 10 mg/Nm3 Total Investment ItemsValues Estimated total
investment costs 529 million Project development timelines
ItemsValues Call for expresesion for interestJune 2014 Selection of
project partnerMay 2015 Closing of partnership aggreementDecember
2015 Project implementationJanuary 2016 Issuance of the
construction permitMay 2016 Start of civil works for the main power
building (MPB)May 2016 Start of commercial productionSeptember
2020
Slide 22
Project description TPP Kakanj - Heating pipeline Basic project
data ItemsValues Lenght from Kakanj to Zenica 33 km Heat Capacity
200MW th Estimated total investment cost 61,6 milion EPBiH interest
Efficiency increasing of existing and future units Assure market
for heating energy in long term period Revenue increasing Meet the
requirements of EU and Reducing of emissions Local community
interest Stable heating sistem Less polution Energy efficiency Job
creation ItemsValues Lenght from Kakanj to Sarajevo 40 km Heat
Capacity 450MW th Estimated total investment cost 61,6 milion
Slide 23
HPP Ustikolina Project description Overview The HPP Ustikolina
is located on the Drina river 4 HPP already exist on river Drina
HPP Ustikolina is run-of-river power plant Connection to a grid is
enabled on existing 110 kV OHL Positive & Enviromental impacts
Independent energy production source for the region Production of
energy from renewable energy sources Waterflow control system
improvement Economical benefit to local communities Development of
local infrastructure Local tourism development
Slide 24
HPP Ustikolina project description current status Project
preparation progress as of today Required decisions by the
Government Required decisions by the Government Completed Studies
& Preparation Completed Studies & Preparation Permits
obtained & documents in preparation Permits obtained &
documents in preparation Completed Prefeasibility study Preliminary
design & Environmental impact assessment study Prefeasibility
study Preliminary design & Environmental impact assessment
study Preliminary water approval Certification for connection on
transmission grid Environmental permit Preliminary water approval
Certification for connection on transmission grid Environmental
permit Planned activities Project preparation Project preparation
Start of construction & operations Start of construction &
operations Urban permit Concession agreement Issuance of the
construction permit Urban permit Concession agreement Issuance of
the construction permit Start of construction Start of commercial
production Start of construction Start of commercial production
Closing of the financial structure Loan agreement Urban permit for
investigation works Ongoing activities
Slide 25
Project description HPP Ustikolina - summary Basic project data
ItemsValues Installed power60,48 MW Annual production237 GWh Total
Investment ItemsValues Estimated total investment costs 139 million
Project development timelines ItemsValues Preliminary design
Environmental permit December 2013 February 2014 Urban permitMarch
2015 Ensuring of financial sourcesJune 2015 Issuance of the
pre-construction permitDecember 2015 EPC tender completnessFebruary
2016 Start of HPP constructionSeptember2016 Start of commercial
production 2020
Slide 26
Project description HPP Kruevo & Zeleni Vir Overview HPP
Kruevo & HPP Zeleni Vir is located on the Biotica river, Olovo
Municipality HPP kruevo is peak HPP; HPP Zeleni Vir is compensation
HPP Connection to a grid is enabled on existing 110 kV & 35kV
network Positive & Enviromental impacts Production of energy
from renewable energy sources Increasing of energy production in
Electro energetic system Waterflow control system improvement
Economical benefit to local communities Development of local
infrastructure
Slide 27
Project description HPP Kruevo & HPP Zeleni Vir current
status Project preparation progress as of today Required decisions
by the Government Required decisions by the Government Completed
Studies & Preparation Completed Studies & Preparation
Permits obtained & documents in preparation Permits obtained
& documents in preparation Completed Prefeasibility study
Preliminary environmental impact assessment Prefeasibility study
Preliminary environmental impact assessment Mine clearance
certification obtained Planned activities Project preparation
Project preparation Start of construction & operations Start of
construction & operations Urban permit Concession agreement
Issuance of the construction permit Urban permit Concession
agreement Issuance of the construction permit Start of construction
Start of commercial production Start of construction Start of
commercial production Closing of the financial structure Closing of
the financial structure Loan agreement WBIF funds approved
Environmental impact assessment &Preliminary design
Environmental impact assessment &Preliminary design
Slide 28
Project description HPP Kruevo & HPP Zeleni Vir - summary
Basic project data ItemsValues Installed power10,97 MW & 2,36
MW Annual production30,76 GWh & 9,64 GWh Total Investment
ItemsValues Estimated total investment costs33,75 mil & 9.63
mil. Project development timelines ItemsValues Preliminary design
& Envoronmental study Environmental permit May 2015 August 2015
urban permitSeptember 2015 Ensuring of financial sourcesOctober
2015 Issuance of the pre-construction permitDecember 2015 EPC
tender completnessapril 2016 Start of HPP constructionDecember 2016
Start of commercial production 2020