Transcript Document

EP BIH
Company profile
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Generation, distribution & supply of electricity
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Established in 1946
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Share Capital 1.144 billion EUR (90 % state & 10 % private share)
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Operates with 2 TPPs, 3 HPPs & 8 small HPPs
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The biggest company in B&H
Company structure
Generation
Distribution &
Supply
ED Bihac
TPP Tuzla
ED Tuzla
ED Zenica
TPP Kakanj
ED Sarajevo
HPP on Neretva
• 90% state
• 10% private
ED Mostar
Current facts
2012
Company’s key indicators
Description
Dec. 31,
2012
Dec. 31,
2011
Dec. 31,
2010
Shareholders capital
1,144
1,144
1,144 mil. €
Operational revenues
454.0
467.1
431.3 mil. €
Operational expenditures
378.3
397.1
369.3 mil. €
75.7
70.0
62.0 mil. €
Profit/Loss
3.6
0.8
- 7.4 mil. €
Production
6,509
7,295
7,181 GWh
Installed capacity
1,682
1,682
1,682 MW
Number of customers
715.411
707.301
695.833
Number of employees
4.873
4.878
4.934
EBITDA
Balance Sheet 2012
(€ million)
2000
1800
1600
1400
1200
Short term liabilities
1000
Long term liabilities
800
Equity
600
Current assets
400
Fixed assets
200
0
Assets
Equity & Liabilities
*excluding coal mines
Financial results 2012
(€ million)
500
Fees
450
Coal transport
400
Other costs
350
Maintenance
300
Transmission
250
Wages
Material for gen.
200
other revenues
150
financing
100
services
50
heat
0
Revenues
Costs
Depreciation
Profit
electricity
Production indicators
Hydro
GWh
Thermal
8,000
2011
2012
%
7,000
Production
7,295
6,509
-10.8%
6,000
Thermal
6,138
5,368
-12.5%
Hydro
1,157
1,141
-1.4%
Hydro %
16%
17%
End users
(Gross)
4,820
4,900
+1.6%
Balance
2,475
2,129
-14%
5,000
Thermal
4,000
3,000
2,000
1,000
0
2007
8000
2008
2009
2010
2011
2012
GWh
6000
4000
Reduced production in 2012:
due to reconstruction of
Unit 6 in TPP Tuzla
2000
0
90
91
92
93
94
95
96
97
98
99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
`11
`12
Production and coal supply
• EPBiH is 100% owner of seven
coal mines within FBiH
• Thermal power generation is
dominant and is participating in
total production between 70 – 80%
• More than 85% of the total coal is
produced within own coal mines
• Hydro power generation is inferior
and is participating in total
production between 20 – 30%
• Price of coal is defined by the
FBiH Government (90% owner of
EPBiH)
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2,940 3,488 3,409 4,087 4,306 4,606 4,622 4,985 5,139 5,730 5,657 5,362 6,192 6,232
7000
6000
000 t
5000
4000
Coal purchase in 2012:
6,232 thousand tons
+0,6% compared to 2011
3000
2000
1000
0
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
`11
`12
Average electricity market sales price
Year
Average price
(€/MWh)
2006
2007
2008
2009
2010
2011
2012
35.4
47.0
56.3
64.9
44.9
51.1
53.3
Average price (€/MWh)
70
60
50
40
30
20
10
0
2006
2007
2008
2009
2010
2011
2012
NEW CAPITAL INVESTMENTS
IN EPBiH
Background of the opportunity
Bosnia and Herzegovina is the country with the highest
energy potential in Southeastern Europe:
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Bosnia and Herzegovina is a net exporter of electric power
8.1% of Bosnia’s 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
Investment environment
DRIVERS
• Reliable energy supplier in the
country and region;
• Meet the requirements of EU
& increase of generation from
renewable energy sources;
What will we do?
> Uptake new technologies
> Significantly reduce CO2 emissions
• Massive investments needed
in energy sector
• Increasing demand for energy
• Volatility in energy prices
> Increase the efficiency of existing
thermal power plants (replacement
project)
> Diversify the energy portfolio and
increase the reliability
> Improve distribution network
• Frequent outages
> Jobs creation
• 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
List of the planned projects
Thermal PP
• TPP Tuzla, Unit 7
• TPP Kakanj, Unit 8
• TPP Bugojno, Unit 1
• CCGT Kakanj
Renewable Energy PP - Hydro
• HPP Vranduk
• HPP Janjići
• HPP Ustikolina
• HPP Čaplje
• HPP Kruševo & HPP Zeleni Vir
• HPP Kovanići
• HPP Vrhpolje
• SHPP on Neretvica river
Renewable Energy PP - Wind
•WF Podveležje
• WF Podveležje
• WF Vlašić
• WF Vlašić
Investment Plan 2013 - 2015
Capital investments/External sources (in EUR millions)
285
300
250
208
200
213
160
150
100
49
9
50
0
2013
2014
2015
Capital investments
External sources
Project description TPP Kakanj - summary
Basic project data
Items
Values
Installed power
300 MW
Production (based on 6.500 hours of production)
1.755 GWh
Efficiency in condensing mode
39%
Efficiency in co‐generation mode
Coal consumption
> 70%
1,3 million tons/year
Emission SO2
< 200 mg/Nm3
Emission Nox
< 200 mg/Nm3
Emission Dust
< 20 mg/Nm3
Project development timelines
Items
Call for expresesion for interest
Selection of project partner
Closing of partnership aggreement
Project implementation
Issuance of the construction permit
Start of civil works for the main power building (MPB)
Start of commercial production
Values
June 2013
September 2013
February 2014
May 2014
September 2014
March 2015
September 2019
Total Investment
Items
Estimated total
investment costs
Values
€ 529 million
Project description TPP Kakanj - Heating pipeline
Basic project data
Items
Lenght from Kakanj to Zenica
Diametar
Estimated total investment cost
EPBiH interest
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Efficiency increasing of existing and future units
Assure market for heating energy in long term period
Revenue increasing
Meet the requirements of EU
Reducing of emissions
Local community interest
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Stable heating sistem
Less polution
Energy efficiency
Job creation
Values
33 km
700 mm
€ 61,6 milion
Project description HPP Ustikolina
Overview
• The HPP «Ustikolina» is located on the Drina river
• 4 HPP already exist on river Drina
• Connection to a grid is secured.
Positive & Enviromental impacts
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Independent energy production source for the region
Waterflow control system improvement
Water supply system improvment
Development of fish farms
Job creation
Project description HPP Ustikolina - summary
Total Investment
Items
Estimated total investment costs
Values
€ 123 million
Basic project data
Items
Values
Installed power
60 MW
Annual production
247 GWh
Project development timelines
Items
Preliminary design
Location permit
Closing of financial structure
Issuance of the construction permit
EPC tender
Start of civil works for the main power building (MPB)
Start of commercial production
Values
May 2013
December 2013
March 2014
December 2014
March 2015
September2015
March 2019
Amil Kamenica – Executive Director for Capital Investment
e-mail: [email protected]
Elvedin Grabovica -
General manager
e-mail: [email protected]
Edin Mujagic - Executive Director for Economic Affairs
e-mail: [email protected]
Tel: +387 33 751 005
Fax: +387 33 751 003