A subsidiary of Bosnian power utility ERS, “Hidroelektrane na Trebisnjici” (HET), said that the company recorded a net loss in the amount of 12.5 million euros in 2017, compared to net profit of some 600,000 euros achieved in 2016.
The company’s operating revenues dropped by 51.1 % to 14 million euros in 2017, while operating costs amounted to 25 million euros. HET had a very poor year production wise, due to bad hydrological conditions throughout 2017.
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Tags: BIH, Bosnia and Herzegovina, electricity, ERS, financial, HET, hydro, RS