Focus on Energy, 2010 - Karanovic & Nikolic

customers;eligible customers;facilities regarding the transmission of power,Public EnterprisesThere are three major public enterprises, each of which are essentially based on territorial principles andall three of them consist of both production companies (HPPs and coal power plants) and distribution andsupplying companies. Both distribution and supplying are operated by the same companies although in thefuture these functions may be separated. “Elektroprivreda RS” operate in the RS whilst in the FBIH both“Elektroprivreda BIH” and “Elektroprivreda HZHB” operate.64“Elektroprivreda RS” (full name “Mjesoviti Holding Elektroprivreda Republike Srpske”) operates in RS andits business is the production of electric power and its subsequent distribution, supply and trade. “ElektroprivredaRS”, as a mother company is 100% owned by the RS, but it is a majority holder in its subsidiariesthat are listed on the Banja Luka Stock Exchange. Five subsidiaries are production companies (operating theTPP Gacko, the TPP Ugljevik, HPPs on the Drina River, HPPs on Trebisnjica River and HPPs on Vrbas River)and five other subsidiaries are distribution and supply companies (Elektrokrajina, Elektrodoboj, Elektro Bijeljina,Elktrodistribucija pale and Elektro Hercegovina).FOCUS ON ENERGY“Elektroprivreda BIH” (“Javno Preduzece Elektroprivreda Bosne i Hercegovine”) operates in FBIH and itdeals with electricity generation, distribution, supply of the first (for non-qualified buyers) and second(for qualified buyers) order, electricity trade and mediation. Apart from the distribution business, its majorsubsidiaries operate HPPs on the Neretva River , as well as TPPs Tuzla and Kakanj as well as coal mines thathave been recently integrated into the company. Its majority shareholder is the Government of FBIH with a90% stake whilst 10% of the shareholding is owned by investment funds and smaller shareholders.“Elektroprivreda HZHB” (“Javno Preduzece Elektroprivreda Hrvatske Zajednice Herceg-Bosna”) operatesin FBIH and deals with electricity generation and its subsequent distribution, supply and trade. ElektroprivredaHZHB owns six HPP’s as well as distribution facilities. 90% of the shareholding belongs to FBIHand the remaining 10% is held by a collection of smaller shareholders.The company “Elektroprenos-Elekroprijenos a.d.” is jointly owned by the RS and the FBIH. Its role is to transmitall electric power produced in BIH to the distributors or to large consumers as well as to connect BIHsystem with those in neighbouring countries and to enable the export and import of the electric power.“BH Gas” operates in the FBIH, it supplies consumers with natural gas and it is the biggest gas carrier withinBosnia and Herzegovina.“Gas-Promet” operates in RS and it supplies consumers with natural gas.Private SectorThere are a number of companies registered for the production of electricity in RS and FBIH (e.g. “Eling”,“MIMS”, “Intrade-Energija”) as well as other companies registered for trade both nationally and internationally(e.g. “Energy Financing Team”, “Rudnap”).Energy Financing Team owns the coal mine “Stanari” and has been granted a concession for a coal powerplant in Stanari as well as the concession for the Hydro power plant Ulog on Neretva River.