Bosnia's largest power utility Elektroprivreda BiH posted a profit of BAM 35mn ( EUR18mn ) in 2013 with total revenue exceeding BAM 1bn, the company's general manager Elvedin Grabovica was quoted as saying in a statement on the company's website. He did not provide year-on-year comparison figures and it was not clear whether the figure refers to the profit in net or in gross terms. However, according to data released earlier, Elektroprivreda BiH recorded a BAM 7.1mn profit in 2012. Grabovica added that last year the company generated 7,471.96 GWh of electricity, which is the highest level in the past 23 years. In 2013, Elektroprivreda BiH invested BAM 138mn whereas the total amount of investments in the last three years was over BAM 560mn. In 2014 the company plans to launch the construction of several power facilities such as the unit 7 at its Tuzla thermal power plant, which is estimated to cost BAM 1.646bn. It is in the process of selecting a partner for the project and the deadline for submission of applications is early April 2014 , Grabovica underscored. At the moment, the short-listed bidders are Japanese Hitachi and a consortium led by Chinese company China Gezhouba Group . Grabovica also said that the tender for the construction of a 20-MW Vranduk hydropower plant (BAM 127mn) will be opened in March 2014. The project is financed by a EUR 26mn loan from the EBRD. Furthermore, negotiations are currently being held with the EIB which could also support the project. Elektroprivreda BiH will also start the construction of the Podvelezje wind farm which is expected to cost BAM 140mn. Sarajevo -based EP BiH is the largest of the three power producers in the country. The other two are Bosnia's Serb Republic power utility holding Elektroprivreda RS and Mostar-based Elektroprivreda HZ HB.
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