Hidroelektrane Na Vrbasu

What Hidroelektrane Na Vrbasu does

Hidroelektrane Na Vrbasu (legal name: ZP 'Hidroelektrane na Vrbasu' a.d. Mrkonjić Grad) is a regulated hydroelectric power producer domiciled in Mrkonjić Grad, Republika Srpska, Bosnia and Herzegovina. The company operates two hydroelectric facilities on the Vrbas river: HPP Bočac, commissioned on 5 December 1981 with a house turbine, and HPP Bočac 2, commissioned on 4 October 2018 and described as one of the most modern facilities built in the region in recent years. Together the plants produce approximately 307.5-319.6 GWh of electricity annually, published via the company's real-time Hydropower Information System reporting inflow and flow data for both sites. Underlying technology comprises turbine and generator infrastructure on the Vrbas river, with ISO 9001:2008 (quality) and ISO 14001:2004 (environmental) certifications and a house turbine used for auxiliary generation. Planned additions include the Solar Power Plant 'Ada Polje' and small hydroelectric plants on the Vrbas basin.

The company is a publicly listed joint-stock company (a.d.) on the Banjaluka Stock Exchange (ticker HELV.R.A) and a wholly-owned subsidiary of Mješoviti Holding 'Elektroprivreda RS' a.d. Trebinje (Mixed Holding ERS), the state-owned electricity holding of Republika Srpska. It was established as a working organization in 1975, became a dependent state enterprise (ZDP) in 1992, and converted to a joint-stock company in February 2005. All generated electricity is transmitted directly to the parent holding's grid and supplied onward to regional distribution networks and end consumers in Republika Srpska; pricing is not publicly disclosed and is governed through intra-group regulated transfer mechanisms rather than market-based contracts. Go-to-market is effectively enterprise field sales to a single domestic offtake counterparty (the parent holding) under a regulatory mandate.

Revenue mechanics are tied to electricity volume generated and transferred within the ERS holding, with no disclosed pricing tiers or commercial customer relationships. The company maintains institutional communication channels — its bilingual Latin/Cyrillic website, the BL Berza stock exchange portal for shareholder and financial disclosures, and a YouTube channel — alongside mandatory public procurement notices for tenders. Customer segments are limited to industrial, commercial, and residential electricity consumers reached indirectly via the parent holding's distribution network, plus industrial operations in the Mrkonjić Grad region requiring stable supply.

Name

Hidroelektrane Na Vrbasu

Legal name

ZP "Hidroelektrane na Vrbasu" a.d. Mrkonjic Grad

Website

https://henavrbasu.com

Company type

Public

Founded year

1975

Operating status

Operating

Short description

Hidroelektrane Na Vrbasu is a state-owned hydroelectric power producer in Republika Srpska, Bosnia and Herzegovina, operating HPP Bočac and HPP Bočac 2 on the Vrbas river to generate 307.5-319.6 GWh annually for parent holding Elektroprivreda RS.

Ownership category

akta.pro rank

Product category

Hydroelectric Power Generation

NAICS

Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Bulk Power Transmission and Control (221121)

SIC

Cogeneration Services & Small Power Producers (4991), Electric Services (4911)

akta.pro primary industry

Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB)

akta.pro secondary industries

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE), Power Generation Plant Construction (Thermal, Hydro, Nuclear) (IMAFADAC)

Keywords

• Hydroelectric power generation
• Renewable energy production
• Electricity generation utility
• Hydropower plant operations
• Grid electricity supply

Headquarters

HQ city

Mrkonjic Grad

HQ country

Bosnia & Herzegovina

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Hydroelectric Power Generation and Sale: The company generates hydroelectric electricity and sells it, operating as a regulated utility within the MH 'Elektropravreda RS' holding. Revenue is derived from electricity production and sale to consumers and distribution networks in the Republic of Srpska and Bosnia and Herzegovina.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Hidroelektrane Na Vrbasu operates hydroelectric power plants on the Vrbas river in Bosnia and Herzegovina, including HPP Bočac (in operation since 5 December 1981) and HPP Bočac 2 (in operation since 4 October 2018), generating approximately 307.5–319.6 GWh of electricity per year. Generated electricity is supplied to the parent holding company MH 'Elektroprivreda RS' AD Trebinje for distribution through the Republic of Srpska grid.

Product overview

Hidroelektrane Na Vrbasu is a hydroelectric power generation company operating as a joint-stock company (Z.P. "Hidroelektrane na Vrbasu" a.d.) within the parent company MHE "Elektroprivreda RS". The company operates multiple hydroelectric facilities on the Vrbas River in Bosnia and Herzegovina, including the HE "Bočac" (operational since 1981) and HE "Bočac 2" (commissioned in 2018). The portfolio also includes a house turbine unit, and the company is developing a solar power plant "Ada polje" and small hydroelectric plants as part of its expansion into renewable energy sources. The company produces approximately 319.6 GWh of electrical energy annually and provides maintenance services for hydroenergetic facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• HE 'Bočac' (Hydroelectric Power Plant Bočac) Primary hydroelectric power plant on the Vrbas river, in continuous operation since 5 December 1981 and forming the core of the company's generation portfolio. Generates electricity supplied to MH 'Elektroprivreda RS' for distribution in the Republic of Srpska.
• HE 'Bočac 2' (Hydroelectric Power Plant Bočac 2) Second hydroelectric power plant on the Vrbas river, in operation since 4 October 2018 and described as one of the most modern facilities built in the region in recent years. Expands the company's renewable electricity output to the parent state holding's grid.
• Kućna turbina (House Turbine) Auxiliary turbine unit within the company's hydroelectric facility, supporting internal power generation and facility operations as part of the broader generation infrastructure.
• Solar Power Plant 'Ada Polje' Solar power plant project under development on the Ada Polje site as part of the company's diversification into solar renewable energy sources. Status described as a planned/under-development expansion product.
• Construction of Small Hydroelectric Plants Development initiative for constructing small hydroelectric plants on the Vrbas River basin, forming part of the company's renewable energy expansion strategy beyond the existing Bočac and Bočac 2 facilities.
• Maintenance of Hydroenergetic Facilities Maintenance services for hydroenergetic plants and equipment, supporting the operational reliability of the company's hydroelectric infrastructure and related equipment.

Quantifiable outcome

• Annual electricity production of 307.5–319.6 GWh from hydroelectric sources
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• MH 'Elektroprivreda RS' AD Trebinje (Mixed Holding 'Elektropravreda RS' AD)coreStrategic or Co-development PartnerHidroelektrane Na Vrbasu is a wholly-owned subsidiary (ZP/ZDР) of the Mixed Holding 'Elektropravreda RS' AD Trebinje, the state-owned electricity holding company of the Republic of Srpska entity of Bosnia and Herzegovina. All financial reporting, dividend distribution, and strategic planning are conducted within the parent holding framework. The company operates as a business entity within this larger state energy group.

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• JP Elektroprivreda BiH d.d. Sarajevo: Federation BiH state-owned electric utility and direct counterpart to MH Elektroprivreda RS; operates hydro and thermal plants serving the Federation entity, highly comparable in mandate, customer base, and regulatory framework.
• EPS (Elektroprivreda Srbije): Serbian state-owned electric utility with a large hydro and lignite generation portfolio; comparable as a Western Balkans state IPP with similar tariff-setting dynamics and public-sector ownership.
• ESM (AD Elektrani na Severna Makedonija): North Macedonian state-owned generation operator with hydro and thermal assets; directly comparable as a small Western Balkans state utility with public listing and similar scale.
• HEP-Proizvodnja d.o.o. Croatian state-owned hydroelectric and thermal generation operator; comparable as a regional state utility focused on hydro baseload with structured internal offtake within the HEP group.
• EPCG (Elektroprivreda Crne Gore): Montenegrin state-owned electric utility with significant hydro capacity on the Tara and Drina rivers; directly comparable as a smaller-state hydro IPP with state ownership and regulated offtake.
• KESH (Korporata Elektroenergjetike Shqiptare): Albanian state-owned power corporation operating the Drin river cascade hydro plants; comparable as a regional state-owned hydro operator with similar regulatory and ownership characteristics.
• HE na Trebišnjici: Sister hydroelectric subsidiary within the same MH Elektroprivreda RS holding; operates hydro plants on the Trebišnjica river in Republika Srpska, making it the closest direct comparable for asset mix, ownership structure, and regulatory regime.

Broad incumbents

• Verbund AG: Austria's largest hydroelectric operator and a European utility-scale hydro incumbent; relevant as a benchmark for hydro IPP economics, run-of-river operations, and renewable baseload valuation, though at substantially larger scale and a more developed market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 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 Hidroelektrane Na Vrbasu