Hidroelektrane Na Drini

What Hidroelektrane Na Drini does

Hidroelektrane Na Drini a.d. Višegrad ("HE na Drini") is a publicly listed joint-stock company (ticker HEDR-R-A on the Banja Luka Stock Exchange) that operates the HE Višegrad hydroelectric power plant on the Drina River in Višegrad, Republika Srpska, Bosnia and Herzegovina. The facility, commissioned in 1989, has an installed capacity of 3 × 105 MW (315 MW total) delivered through three Kaplan turbines and three single-phase 115 MVA transformers stepping output to a 15.75/400 kV substation. It draws on a 161 hm³ reservoir extending approximately 40 km along the river, with an average flow of 342 m³/s, and produces an average of 1,010 GWh per year, with an all-time record of 1,283.05 GWh set in 2010. The company is a subsidiary of Mješoviti Holding "Elektroprivreda Republike Srpske" (MH ERS), the state-owned electricity utility of Republika Srpske, which is also its sole off-taker.

The company's business model is single-product, wholesale electricity generation sold exclusively to its parent MH ERS through a negotiated supply arrangement. Reported monthly revenue is 2.7-2.8 million KM from electricity sales plus 0.3-0.6 million KM from ancillary services, with disclosed monthly totals of 3,182,867 KM (December 2025) and 3,358,725 KM (May 2026). The company is ISO 9001:2015 and ISO 14001:2015 certified, conducts an annual fish-stocking environmental program (~80,000 KM/year), and reports ongoing modernization to raise operational readiness. It is led by Director Nedeljko Perišić, who publicly positioned HE Višegrad as the best-performing producer in the ERS group in mid-2026, and the company has reported Q1 2026 output of 400 GWh — exceeding the planned 280 GWh by approximately 43%.

Name

Hidroelektrane Na Drini

Legal name

ZP "HIDROELEKTRANE NA DRINI" a.d. Višegrad

Website

https://henadrini.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

Hidroelektrane Na Drini a.d. Višegrad operates the 315 MW HE Višegrad hydroelectric plant on the Drina River, selling 100% of its output to its state-owned parent MH Elektroprivreda Republike Srpske. The single-asset utility generates an average of 1,010 GWh per year via three Kaplan turbines.

Ownership category

akta.pro rank

Product category

Hydroelectric Power Generation

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Reservoir/Impoundment Hydroelectric Generation (EUACAEAB)

akta.pro secondary industries

Hydropower Modernization, Refurbishment & Uprates (Re-powering, Efficiency Upgrades) (EUAMADAF), Hydropower Turbines & Electro-Mechanical Equipment (Turbines, Generators, Governors) (EUAMADAC), Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension) (EUACAEAG)

Keywords

• Hydroelectric power generation
• Electricity generation services
• Renewable energy production
• Baseload power supply
• Hydropower plant operations

Headquarters

HQ city

Visegrad

HQ country

Bosnia & Herzegovina

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D

Distribution channels1 record

Marketing channels2 records

Core offering

ZP "HIDROELEKTRANE NA DRINI" a.d. Višegrad owns and operates the HE Višegrad hydroelectric power plant on the Drina River, generating electricity through three Kaplan turbines with combined installed capacity of 315 MW and average annual production of approximately 1,010 GWh. The facility uses a 161 hm³ reservoir averaging 342 m³/s water inflow to deliver baseload hydroelectric supply to the Republika Srpska power system via its parent utility.

Product overview

Hidroelektrane Na Drini is a hydroelectric power company operating the HE Višegrad facility, a run-of-river/dam hydroelectric plant on the Drina River. The company operates as a single-core-product enterprise focused exclusively on hydroelectric power generation. HE Višegrad, the company's primary and only named product, achieves power generation through three Kaplan turbines with combined capacity of 315 MW, utilizing a reservoir spanning approximately 40 km with 161 hm³ volume. The company sells electricity exclusively to parent company MH ERS Matično preduzeće a.d. Trebinje and provides ancillary services.

Differentiator

Problem solved

Functional benefit

Products and services

• HE Višegrad Hydroelectric Power Plant A hydroelectric power generation facility on the Drina River in Višegrad, Republika Srpska, equipped with three Kaplan turbines delivering combined installed capacity of 315 MW. It generates baseload renewable electricity supplied to MH "Elektroprivreda Republike Srpske" MP a.d. Trebinje and onward into the Republika Srpska power grid, with average annual production of approximately 1,010 GWh. The plant operates a 161 hm³ reservoir (approximately 40 km in length) fed by average inflows of 342 m³/s.

Quantifiable outcome

• 1,283.05 GWh electricity produced in record year 2010
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Regional players

• HPP Čapljina / HEP Group Hydro Assets: Croatian hydroelectric assets operated by HEP, situated in the same regional grid and basin system of the Western Balkans with similar run-of-river / reservoir generation economics.
• Limske hidroelektrane / Drinsko-Limske HE: Serbian state-owned hydroelectric operator (part of Elektroprivreda Srbije) operating run-of-river and reservoir plants on the Lim and Drina rivers with similar Kaplan-type turbines and similar size assets in the Western Balkans.

Broad incumbents

• Elektroprivreda Crne Gore (EPCG): Montenegrin state-owned utility with significant hydropower assets on the Drina/ Morača system, comparable as a regional incumbent hydroelectric generator with single-utility offtake structure.
• JP Elektroprivreda BiH: Federation of BiH counterpart state-owned utility, comparable as a vertically integrated hydro-thermal operator in the same national market, providing benchmark for tariffs and operational scale.
• Elektroprivreda Srbije (EPS): Large incumbent Serbian state-owned utility that owns multiple hydropower plants (including Drinsko-Limske and Bajina Bašta) and operates thermal generation, providing a broader comparable for the integrated holding structure.

Direct peers

• HE Bajina Bašta: Hydroelectric plant on the same Drina River in Serbia operated by Elektroprivreda Srbije, providing the most direct hydrological and geographic comparable for HE Višegrad.
• Hidroelektrane na Vrbasu: Another sister hydro operator within MH Elektroprivreda Republike Srpske, with comparable business model, exposure to state-owned utility offtake, and reservoir-based generation in Republika Srpska.
• Hidroelektrane na Trebišnjici: Sister hydroelectric company under the same MH Elektroprivreda Republike Srpske holding, operating hydropower plants in Herzegovina region with similar basin-based generation model and offtake into ERS.
• HPP Rama: Hydroelectric plant operated by JP Elektroprivreda BiH on the Rama River in Bosnia with comparable Kaplan-turbine generation profile and similar size class (160 MW range).

Others

• MH Elektroprivreda Republike Srpske (ERS): Parent holding company and sole offtaker for HE na Drini, vertically integrating generation, distribution, and supply within Republika Srpska; provides structural context for pricing and dispatch.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/henadrini
• LinkedInlinkedin.com/company/he-na-drini

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Hidroelektrane Na Drini