Power utility EPBiH recorded a net loss of 73 million euros in 2023, compared to a profit of 1.3 million euros in 2022.
The company’s total revenues dropped by 12% in 2023 compared to 2022, to 614 million euros, while total expenditures increased by 1% to 665 million euros.
In 2022, EPBiH announced that it expects to produce 10% less electricity in its coal-fired thermal power plants than initially planned in the Energy Balance.
According to its 2023-2025 Business Plan, lower electricity generation, caused by lower coal supply, will affect EPBiH’s ability to export electricity in this period.
Lower production of thermal power plants of about 500 GWh means that sales on the free market and exports could be halved since EPBiH planned to sell a little over 1,000 GWh in 2023. The utility produces 75 to 8 % of its electricity from coal.
