Bosnia’s EP HZHB meets 2014 target for power generation

The company generated 2,348 GWh of electricity in 2013.

Elektroprivreda HZHB plans to end 2014 with a net profit of some 20 million marka ($12.8 million/10.2 million euro), it said in a statement on Monday.

In 2013, Elektroprivreda HZHB turned to a net profit of 68.3 million marka from a net loss of 32.4 million marka a year earlier.

Elektroprivreda HZHB said earlier this month it plans to generate 1,650 GWh of electricity in 2015 and 2016.

Elektroprivreda HZHB is based in Bosnia's Muslim-Croat Federation. It is the smallest of the three Bosnian state-owned power utilities, operating seven hydro power plants with a total capacity of 860 megawatts.

Bosnia's largest power utility is Elektroprivreda BiH, also based in the Federation which, together with the Serb Republic, forms Bosnia and Herzegovina. Elektroprivreda RS is the power utility of the Serb Republic.

(1 euro=1.95583 Bosnian marka)