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Elektroprivreda HZ HB

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Elektroprivreda HZ HB is a publicly traded electricity utility headquartered in Mostar, Bosnia and Herzegovina, with hydroelectric and wind-generation assets and a distribution footprint covering much of the country’s Croat-majority areas.

Last updated August 26, 2026

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Overview

Elektroprivreda HZ HB, formally JP Elektroprivreda HZ HB d.d., is a public electricity utility based in Mostar, Bosnia and Herzegovina. Its full Croatian name refers to the Croatian Community of Herzeg-Bosnia, reflecting the company’s historical formation and operating geography. The company was established on 28 August 1992 in territory controlled by Bosnian Croat political and military structures during the Bosnian War. Following the post-war reorganization of public utilities, it became a government-owned publicly traded company on 20 May 2004. The utility generates, distributes and supplies electricity, with operations concentrated in Croatian-majority cantons and municipalities of Bosnia and Herzegovina. Its network and service territory cover approximately one-quarter of the country. It is one of Bosnia and Herzegovina’s three principal electricity utilities and is generally described as the country’s third-largest utility by generation. The Federation of Bosnia and Herzegovina entity government owns approximately 90% of its stock, while the remainder is publicly traded on the Sarajevo Stock Exchange. Historically, the company’s generation portfolio was overwhelmingly hydroelectric. In 1999 it had reported generation capacity of 762 megawatts, all from hydropower plants, while electricity consumption at the distribution level was approximately 1,075 gigawatt-hours. The operating portfolio later expanded to include wind generation. In March 2018, Elektroprivreda HZ HB commissioned the 50.6-megawatt Mesihovina Wind Power Plant near Tomislavgrad. The facility comprises 22 turbines and was designed to produce approximately 165.2 gigawatt-hours annually, enough in the cited reference material to supply about 27,500 households. The company’s generation fleet includes the Čapljina, Rama, Mostar, Mostarsko Blato, Jajce-1 and Jajce-2 hydropower plants, as well as the Peć Mlini small hydropower plant and the Mesihovina wind plant. The hydroelectric assets give the utility a strong renewable-generation base, although output varies with hydrological conditions and electricity demand. In 2015, the company generated approximately 2,325 gigawatt-hours, representing about 14.8% of Bosnia and Herzegovina’s total electricity generation according to the cited reference material. Elektroprivreda HZ HB is also a significant regional employer, with more than 1,500 employees reported in the reference material. Its public-utility role combines electricity generation with distribution and supply responsibilities, making it an important infrastructure institution rather than a conventional consumer-facing product brand. Its strategic profile is shaped by state ownership, regulated-market conditions, a geographically concentrated service territory, dependence on renewable generation assets, and the gradual diversification of its portfolio from predominantly hydropower toward wind power.

History

Elektroprivreda HZ HB was created on 28 August 1992 as a public electricity utility serving areas of Bosnia and Herzegovina associated at the time with the Croatian Community of Herzeg-Bosnia. The institution emerged during the fragmentation of public administration and infrastructure provision caused by the Bosnian War. Its name, formally JP Elektroprivreda Hrvatske zajednice Herceg Bosne, preserves that historical association, although the company operates within the modern institutional framework of Bosnia and Herzegovina. During its early development, the utility’s generation base was centered on hydropower. By 1999, its reported generation capacity had reached 762 megawatts, entirely from hydroelectric facilities, while electricity consumption at the distribution level was approximately 1,075 gigawatt-hours. The reliance on hydropower reflected the geography and river systems of the company’s service area, but also exposed generation volumes to seasonal and annual changes in water availability. A major institutional change took place on 20 May 2004, when the company became a government-owned publicly traded enterprise. The Federation of Bosnia and Herzegovina entity government retained approximately 90% of the stock, and the company was listed on the Sarajevo Stock Exchange. This structure combined continued public control of strategic electricity infrastructure with a formal securities-market presence. Elektroprivreda HZ HB’s operating territory is concentrated in Croatian-majority cantons and municipalities. Its electricity distribution and supply activities cover approximately 25% of Bosnia and Herzegovina’s territory, giving the utility an important regional role even though its geographic footprint is not national. The company is commonly identified as the country’s third-largest electricity utility. In 2015, it generated approximately 2,325 gigawatt-hours, equivalent to about 14.8% of national electricity generation according to the cited reference material. The company has also been reported to employ more than 1,500 people. The generation portfolio includes the Čapljina, Rama, Mostar, Mostarsko Blato, Jajce-1 and Jajce-2 hydropower plants, together with the Peć Mlini small hydropower plant. These facilities form the traditional core of the business. The company later broadened its renewable-generation profile beyond hydropower. In March 2018, it launched the Mesihovina Wind Power Plant near Tomislavgrad. With a capacity of 50.6 megawatts and 22 turbines, the project was expected to generate approximately 165.2 gigawatt-hours per year and supply the equivalent of about 27,500 households. The Mesihovina project marked an important generation-portfolio transition. It did not replace the company’s hydroelectric base, but added wind power to a system historically dependent on water resources. The expansion reflects the utility’s role in developing Bosnia and Herzegovina’s renewable electricity infrastructure while continuing to manage regional distribution and supply obligations. Today, Elektroprivreda HZ HB is best understood as a publicly controlled regional power utility rather than a consumer packaged-goods brand. Its identity is tied to electricity infrastructure, renewable generation, regulated and public-service responsibilities, and the political and administrative history of post-war Bosnia and Herzegovina. The available reference material does not provide enough information to establish a current executive roster, detailed financial profile, official corporate website, or more recent operational developments.

  • 2018

    Mesihovina wind plant launched

    [1]

    The 50.6-megawatt Mesihovina Wind Power Plant near Tomislavgrad entered operation with 22 turbines and projected annual output of 165.2 gigawatt-hours.

  • 2015

    Reported national generation share

    [1]

    The company generated approximately 2,325 gigawatt-hours, reported as about 14.8% of Bosnia and Herzegovina’s total electricity generation.

  • 2004

    Publicly traded structure adopted

    [1]

    On 20 May 2004, the utility became a government-owned publicly traded company and was listed on the Sarajevo Stock Exchange.

  • 1999

    Hydropower capacity reached 762 MW

    [1]

    The company was reported to have 762 megawatts of generation capacity, all from hydropower, while distribution-level consumption was approximately 1,075 gigawatt-hours.

  • 1992

    Company established

    [1]

    JP Elektroprivreda HZ HB was formed on 28 August 1992 as a public electricity utility in territory associated with the Croatian Community of Herzeg-Bosnia.

Products and positioning

A state-controlled regional electricity utility focused on generation, distribution and supply in Bosnia and Herzegovina, with a renewable-energy portfolio centered historically on hydropower and expanded through the Mesihovina wind project.

  • Electricity generation

    Hydroelectric power generation

    Hydropower is the historic foundation of Elektroprivreda HZ HB’s generation business. The company operates the Čapljina, Rama, Mostar, Mostarsko Blato, Jajce-1, Jajce-2 and Peć Mlini facilities. These plants provide renewable electricity for the company’s regional supply and distribution activities, although actual production depends on hydrological conditions and system demand.

  • Wind power generation · 2018

    Mesihovina Wind Power Plant

    Mesihovina is a 50.6-megawatt wind power plant near Tomislavgrad. Launched in March 2018, it consists of 22 turbines and has cited annual production potential of 165.2 gigawatt-hours, equivalent in the reference material to the consumption of approximately 27,500 households. It broadened the company’s renewable portfolio beyond hydropower.

  • Utility services

    Electricity distribution and supply

    Elektroprivreda HZ HB distributes and supplies electricity primarily in Croatian-majority cantons and municipalities of Bosnia and Herzegovina. Its service territory covers approximately one-quarter of the country, linking the company’s generation assets with households, businesses and other electricity users in its regional operating area.

Brand decisions

  • 2018

    Expansion into wind generation through MesihovinaProduct launch

    Background

    The company’s generation fleet had historically consisted primarily of hydroelectric facilities.

    Action taken

    Elektroprivreda HZ HB launched the 50.6-megawatt Mesihovina Wind Power Plant near Tomislavgrad, adding 22 wind turbines to its renewable portfolio.

    Aftermath

    The project diversified the company’s renewable generation base and added cited annual production potential of 165.2 gigawatt-hours.

  • 2004

    Conversion to a publicly traded government-owned utilityStrategy

    Background

    The utility was reorganized within the post-war public-enterprise framework of Bosnia and Herzegovina.

    Action taken

    On 20 May 2004, Elektroprivreda HZ HB became a government-owned publicly traded company and was listed on the Sarajevo Stock Exchange.

    Aftermath

    The Federation of Bosnia and Herzegovina entity government retained approximately 90% of the stock, preserving public control while allowing the company’s shares to trade publicly.

Sources1 sources

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