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Bosnia and Herzegovina Overhead Power Transmission Line Industry Analysis
Current Scenario:
The electric power transmission network in Bosnia and Herzegovina is operated by two companies, Elektroprenos BiH and Elektroprenos RS, responsible for the transmission of electricity across the country. The Overhead Electric Power Transmission Lines industry in Bosnia and Herzegovina has seen steady growth in recent years. However, the current transmission network is outdated and requires upgrades and modernization to improve its efficiency and reliability. The country's transmission network faces challenges such as power outages due to extreme weather conditions, inadequate infrastructure, and lack of investment.
Construction of New Projects:
The government of Bosnia and Herzegovina has recognized the need for modernizing the transmission network, and several new projects are underway. The construction of a new transmission line between Tuzla and Banja Luka is one of the significant projects that will increase the transmission capacity of the network. Another notable project is the construction of a 400 kV transmission line between Serbia and Bosnia and Herzegovina, which will strengthen the energy supply and create opportunities for energy trade.
Major Drivers:
The major drivers of the Overhead Electric Power Transmission Lines industry in Bosnia and Herzegovina are the increasing demand for electricity, the need for modernization of the transmission network, and the government's focus on renewable energy sources. The country aims to increase its share of renewable energy sources in electricity production to 43% by 2020. The development of renewable energy sources will require significant investments in the transmission network to ensure efficient and reliable transmission of electricity.
Industry Outlook:
The outlook for the Overhead Electric Power Transmission Lines industry in Bosnia and Herzegovina is positive, with several new projects underway and a growing demand for electricity. The government's focus on renewable energy sources and increasing the share of renewable energy in electricity production is expected to drive the growth of the industry. However, the industry also faces challenges such as inadequate infrastructure, lack of investment, and the need for modernization. Therefore, the successful completion of ongoing projects and the development of new projects will be critical for the industry's growth and success.
In conclusion, the Overhead Electric Power Transmission Lines industry in Bosnia and Herzegovina has immense potential for growth, with a growing demand for electricity, the need for modernization of the transmission network, and the government's focus on renewable energy sources. However, the industry also faces significant challenges that require investments and modernization to ensure efficient and reliable transmission of electricity.
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