The Bosnian Hidroelektrane na Drini will further increase the capital of Hidroelektrane Bistrica

SARAJEVO (Bosnia and Herzegovina), November 14 (SeeNews) – Bosnian hydroelectric producer Hidroelektrane na Drini [BANJ:HEDR-R-A] said he planned to increase the share capital of his 100% unit Hidroelektrane Bistrica by an additional 10 million marka (5.3 million dollars / 5.1 million euros), shortly after deciding to increase it by 30 million marka.

The planned capital increase aims to secure additional financing for the construction of three hydroelectric power plants (HPPs) on the Bistrica River, Hidroelektrane na Drini said in a Banja Luka stock exchange filing on Friday.

Hidroelektrane na Drini shareholders will vote on the proposed increase on November 28.

The hydroelectric producer received the green light from shareholders on October 25 to increase the capital of Hidroelektrane Bistrica by 30 million marks.

The equity of Hidroelektrane Bistrica amounted to 15.8 million marks at the end of 2021.

In December 2021, Hidroelektrane Bistrica launched the construction of three hydropower plants with an installed capacity of 39 MW on the Bistrica River, a project worth 103 million euros ($106.3 million). The three plants should produce 152 GWh of electricity per year. They will be built by China National Aero-technology International Engineering Corporation.

Shares of Hidroelektrane na Drini last traded on the Banja Luka stock exchange on November 7, when they closed at 0.29 marka.

(1 euro = 1.95583 marks)

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