Investments
Investment remains the second pillar of our business strategy. We aim to deliver a substantial part of our trading portfolio from own energy sources, ensuring long-term stability of the Group’s trading operation. Our objective is to become the first privately owned, major energy producer in the region.
All our projects are designed with the environment in mind and in accordance with European regulations relating to climate change and environmental protection. Collectively, our investments have generated over 2000 new jobs.
HPP Ulog
Construction of Ulog hydro power plant began in 2019 under a turn-key EPC Contract with Sinohydro Corporation Ltd. The powerhouse with two generating units totaling 35MW of installed capacity is expected to generate 85GWh annually.
Located on the upper stream of Neretva river in Republika Srpska (Bosnia and Herzegovina), the HPP Ulog is expected to commence with commercial operations in 2023.
Aggregated Renewables
EFT is pioneering a network of electricity off-take arrangements with small renewable energy producers across southeast Europe. This strategy helps secure EFT’s long-term energy supply and connects a network of independent renewable suppliers to energy markets across central and southeast Europe. This arrangement fosters investment in renewable power and supports the delivery of green energy to EFT customers.
SE Bileca
The Photovoltaic power plant - PVP Bileća is located in the southern part of Bosnia and Herzegovina, in the municipality of Bileća.
EFT has been awarded a 50-year concession for the construction and operation of PVP Bileća. Construction under a turn-key EPC contract began in the second half of 2022. An EPC contract has been signed with Dongfang Electric Corporation and commencement of commercial operation is expected end of year 2023.
