The management boards of the electric power companies of Republika Srpska and Montenegro have initiated the formation of a joint company based in Trebinje, in order to work on new investments, stated Luka Petrović, the General Director of the Electric Power Company of Republika Srpska (ERS).
According to him, this will mean lower electricity prices for citizens, and Petrović mentioned that the Electric Power Company of Montenegro would own 51 percent of the joint company, with ERS holding 49 percent.
“Citizens will benefit from lower electricity prices in both Montenegro and Republika Srpska. The idea is to undertake joint projects, such as better utilization of the waters of Bileća Lake, which we need to discuss, the construction of solar power plants on this lake, as well as the revitalization of the high Buk Bijela, where benefits would also accrue to the Gornja Drina hydropower system,” Petrović announced.