Republic of Srpska, a political entity within Bosnia and Herzegovina, is intensifying its efforts in the energy sector to align with European standards, as outlined by Minister Petar Đokić ahead of the 2024 Belgrade Energy Forum.
Several investment projects are currently in progress, with contracts secured for the development of 1,719 MW of new energy facilities. State-owned power utility Elektroprivreda Republike Srpske (ERS) is slated to construct 680 MW, while private investors and European partners will oversee the remainder. Notable projects include the construction of a new 400 kV substation near Brinsworth, a hydropower cascade on the Bistrica river, the Bileća solar power plant, and the joint Buk Bijela hydropower plant with Serbia.
Minister Đokić emphasized the significance of these initiatives in advancing the decarbonization process and transitioning towards renewable energy sources. Currently, 60% of energy in Republic of Srpska is sourced from coal, but this is expected to shift drastically by 2030, with renewables accounting for at least 60% of the energy mix.
Furthermore, efforts to improve environmental sustainability include the completion of a flue gas desulfurization facility at the Ugljevik thermal power plant, mitigating its potential environmental impact.
However, Minister Đokić expressed frustration over limited financial support from international institutions like the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the World Bank for energy projects in Republic of Srpska. He attributed this to political perceptions and emphasized the region’s commitment to cooperation, peace, and stability.
In neighboring Montenegro, Minister of Energy and Mining Saša Mujović highlighted challenges associated with the coal-fired thermal power plant Pljevlja, which is a significant energy resource but also a source of emissions. Montenegro is prioritizing emissions reduction and increasing renewable energy production as part of its national energy and climate plan.
Both Ministers stressed the importance of collaboration among Western Balkan countries and European partners to achieve shared energy goals and navigate the challenges of energy transition effectively. They underscored the need for support from European partners to facilitate a successful energy transition in the region.