Elektroprivreda HZHB Mostar

What Elektroprivreda HZHB Mostar does

JP Elektroprivreda HZ HB d.d. Mostar (EPHZHB) is a vertically integrated public electricity utility headquartered in Mostar, Bosnia and Herzegovina, founded on 28 August 1992. The company holds FERK and DERK-issued licenses for the production, distribution, supply, and domestic/international trade of electricity, and has been assigned public supplier (javni opskrbljivač) status by the Government of the Federation of BiH for a defined operational territory covering 35 municipalities. Approximately 90% of share capital is held by the Government of the Federation of BiH, with the remainder distributed among investment funds, banks, and other shareholders. At end-2023 the company employed 2,332 people and supplied roughly 203,000 end customers.

The company's core production portfolio is 100% renewable, comprising seven hydroelectric power plants totaling 872 MW (HE Rama, CHE Čapljina pumped storage, HE Mostar, HE Jajce 1, HE Jajce 2, HE Peć Mlini, HE Mostarsko Blato) and the 50.6 MW Mesihovina wind farm (commissioned March 2018, the first wind plant in BiH), for a combined installed capacity of 922.6 MW. Distribution is operated through a 13,423 km network (295 km at 35 kV, 4,445 km at 10(20) kV, 8,683 km at 0.4 kV) and 3,954 substations, modernized through SCADA/OMS/DMS (completed 2022) and a smart metering program covering ~90,000 meters with remote reading. Capital projects in the pipeline include the 132 MW VE Poklečani wind farm (planned 2027 commissioning, €198.8M investment), the 150 MW EPHZHB 1 photovoltaic plant (€110M), and the capital renovation of HE Rama Unit 2 generator.

Revenue is generated through three regulated, recurring streams: electricity supply to households and businesses on monthly tariffs (FERK-regulated), wholesale electricity trading on the BiH market, and distribution/network services within the assigned territory. A separate "posebna vodoprivredna naknada" (water management fee) is collected on customer bills on behalf of regulators. Reported net profit was 2,472,422 KM in 2019 and 821,883 KM in 2020 (with the 2020 figure depressed by poor hydrology and COVID-19), against 2019 production of 2,703.4 GWh (6.8% above plan) and 2020 wholesale market sales of 895.75 GWh (7.3% above plan). Distribution losses were reduced to 8.74% in 2023 (from 9.30% in 2019), and the customer collection rate reached 99.28% in 2020. GTM motion is enterprise field sales within a defined regulatory monopoly territory.

Name

Elektroprivreda HZHB Mostar

Legal name

JP Elektroprivreda HZ HB d.d. Mostar

Website

https://ephzhb.ba

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

JP Elektroprivreda HZ HB d.d. Mostar is a vertically integrated, state-owned (90% Federation of BiH) electricity utility generating 100% renewable energy from 922.6 MW of hydro and wind capacity, distributing power through a 13,423 km network, and supplying approximately 203,000 end customers across 35 municipalities in Bosnia and Herzegovina.

Ownership category

akta.pro rank

Product category

Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122), Hydroelectric Power Generation (221111)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Retail Electric Providers / Competitive Distribution Utilities (where applicable) (EUADABAE)

akta.pro secondary industries

Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI), Energy Storage Balance-of-Plant (enclosures, switchgear, protection, metering) (IMAGAHAK), SCADA/DMS/OMS Integration, Upgrades & Managed Services (EUAEANAE)

Keywords

• Electricity generation
• Electricity distribution
• Renewable energy supply
• Public utility services
• Wholesale electricity trading

Headquarters

HQ city

Mostar

HQ country

Bosnia & Herzegovina

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Supply Chain

Revenue model

1. Electricity Supply and Trade: As the designated public supplier, the company supplies approximately 203,000 end customers with electricity across 35 municipalities in the Federation of BiH. The company is also an active participant on the BiH electricity wholesale market for electricity trading.
2. Electricity Production: Electricity generation from seven hydroelectric plants (872 MW) and one wind farm (50.6 MW). Production portfolio is 100% based on renewable energy sources. Production output depends on hydrological conditions.
3. Distribution Services: Electricity distribution services across 13,423 km of network, 3,954 substations, serving regulated market in assigned territory.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

JP Elektroprivreda HZ HB d.d. Mostar is a vertically integrated public electric utility that generates, distributes, supplies, and trades electricity primarily from renewable sources (7 hydroelectric power plants totaling 872 MW and 1 wind farm of 50.6 MW) across 35 municipalities in the Federation of Bosnia and Herzegovina. As the designated public supplier, it serves approximately 203,000 end customers through a 13,423 km distribution network, and also participates in the BiH wholesale electricity market.

Product overview

JP Elektroprivreda HZHB Mostar is a public power utility company operating as a vertically integrated electricity provider. The company's product portfolio consists of electricity generation from renewable sources (7 hydroelectric power plants totaling 872 MW and 1 wind power plant of 50.6 MW, combined 922.6 MW), electricity distribution through a 13,423 km network serving 35 municipalities, and electricity supply/trading to approximately 203,000 customers. Supporting infrastructure includes SCADA OMS/DMS systems for grid management and a smart metering system with 90,000 smart meters for remote reading.

Differentiator

Problem solved

Functional benefit

Brands

• VE Poklečani: Poklečani Wind Farm project - 132 MW wind power plant under development in Posušje municipality
• EPHZHB 1 PVPP
• SCADA OMS/DMS
• 3Smart

Products and services

• Electricity Generation from Renewable Sources (Hydro and Wind)

Quantifiable outcome

• Distribution network losses reduced to 8.74% in 2023, down from 9.30% in 2019 and 9.12% in 2020
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Končar-Generatori i motori d.d. ZagrebcoreTechnology or Integration · 12 March 2021Contract signed for capital renovation of Generator 2 at HE Rama. The contract (24-month duration, ~891,000 EUR value) covers generator works (dismantling/mounting, rotor and stator inspection, corona testing), turbine works (cavitation damage repair, vibration measurements), online monitoring system, graphite dust extraction, and oil vapor extraction systems.
• Končar-Institut za elektrotehniku d.d. ZagrebcoreTechnology or Integration · 12 March 2021Part of the consortium with Končar-Generatori i motori and Advensys Engineering for the Generator 2 renovation at HE Rama. Contributing engineering expertise for turbine monitoring and diagnostic systems.
• Advensys Engineering d.o.o. ZagrebcoreTechnology or Integration · 12 March 2021Part of the consortium for HE Rama Generator 2 capital renovation project. Part of the three-company consortium alongside Končar companies.
• Regulatory Commission for Energy in Federation of BiH (FERK)coreOthersLicensing authority issuing licenses for electricity production, distribution, supply, and trade to the company.
• State Regulatory Commission for Electricity in BiH (DERK)coreOthersState-level regulatory authority issuing licenses for domestic and international electricity trade.
• Operator for Renewable Energy Sources and Efficient Cogeneration (OIEiUK)coreOthersThe company collects renewable energy support fees from customers and remits them to the OIEiUK Operator for payment to privileged renewable energy producers.
• Elektroprenos BiH (Transmission System Operator)coreOthersTransmission system operator in Bosnia and Herzegovina. The company's facilities connect to the transmission network (e.g., DV 2×220 kV Rama-Posušje is owned by Elektroprenos BiH). Some supply areas depend on Elektroprenos lines for power supply.
• 3SMART ConsortiumminorStrategic or Co-development PartnerCompany participates in the 3SMART project — a smart grid/metering modernization initiative.
• Environmental Protection Fund of Federation of BiH (Fond za zaštitu okoliša FBiH)minorStrategic or Co-development PartnerCooperation between the company and the Environmental Protection Fund of FBiH for environmental sustainability projects.
• Sava River Watershed Agency (Agencija za vodno područje rijeke Save)minorOthersWatershed management agency coordinating water flow operations affecting HE Jajce. The agency granted consent for temporary flow reduction during rehabilitation works on the Pliva riverbed (July-September 2026).

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• EPCG (Elektroprivreda Crne Gore): Montenegro's national vertically-integrated electric utility — comparable business model covering generation, distribution, and supply in a small Balkan market with similar hydrology exposure.
• KESH sh.a. (Korporata Elektroenergjetike Shqiptare): Albanian state-owned vertically-integrated power utility with predominantly hydro generation, distribution, and retail supply — directly comparable in being a hydro-heavy, state-owned regional monopoly.
• AD ESM (Elektrani na Severna Makedonija): North Macedonia's state-owned vertically-integrated utility with hydro and thermal generation plus distribution and supply — comparable structure, regulatory regime, and regional-market dynamics to EPHZHB.
• HEP d.d. (Hrvatska elektroprivreda): Croatia's national vertically-integrated utility with hydro and thermal generation, distribution, and supply — comparable in structure, scale, and regional wholesale-market role, and active in BiH cross-border electricity trade.
• JP Elektroprivreda BiH d.d. Sarajevo: The sister utility in the Federation of BiH operating in the Bosniak-majority cantons; structurally identical vertically-integrated model (generation + distribution + supply) with similar hydro-heavy portfolio and public-supplier designation — making it the closest direct comparable.
• JP Elektroprivreda Srbije (EPS): Serbia's national vertically-integrated electric utility with very large lignite and hydro portfolio plus distribution and supply — directly comparable business model (state-owned, regulated monopoly, generation + T&D + retail) in the same Southeast European region.
• MH Elektroprivreda Republike Srpske (ERS): Vertically integrated national utility of Republika Srpska (the other BiH entity) with hydro/thermal generation, distribution network, and retail supply — same regulatory framework (DERK licensing) and overlapping wholesale-market participation as EPHZHB.

Broad incumbents

• Statkraft AS: Norway's state-owned renewable energy company and Europe's largest generator of hydropower — comparable in being a state-owned, hydro-centric operator with growing pumped-storage and grid-flexibility services across European markets.
• NOS BiH ( Nezavisni operator sistema BiH): Independent system operator for the BiH transmission grid — adjacent rather than competing, but operates the transmission network to which EPHZHB's generation and distribution assets connect, making it a critical ecosystem participant for comparison.
• Verbund AG: Austria's hydro-heavy national utility, one of Europe's largest renewable generators with significant pumped storage — comparable as a publicly listed, hydro-and-pumped-storage-dominant integrated utility with grid-balancing services.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elektroprivreda HZHB Mostar