Nove Elektrarne Republike Srpske

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Nove Elektrarne Republike Srpske (NERS) was a joint venture company formed between the publicly owned Elektroprivreda Republike Srpske (ERS) and CZE.

Proposed coal-fired power station expansion

In 2006 CZE reached an agreement with ERS to form a joint venture company, Nove Elektrarne Republike Srpske, which would upgrade the existing Gacko thermal power plant, built a second unit at the power station and expand the nearby Gacko coal mine. In return for investing €1.5 billion in the project, CEZ gained a 51% stake in the new joint venture company. However, In January 2009 CEZ pulled out of the deal stating that it was because of "repeated breach of the implementation contract by its partners in Bosna and Hercegovina." See Gacko Thermal Power Plant Expansion for more details.

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