Hifa-Oil at SEF 2024: We are growing into an energy company

The Sarajevo Energy Forum, a regional event on key issues of the energy future, was held in Sarajevo on January 30 and 31, and gathered a large number of experts and leaders in the field of using renewable energy sources.

The main discussions at the SEF focused on Bosnia and Herzegovina's current position in the region's energy transition from a primarily coal-based economy to one that makes more use of renewable energy sources. Several panels and presentations addressed these subjects, and Hifa-Oil, the event's primary sponsor, shared its many years of experience from building solar power plants and purchasing electricity from renewable sources, among other projects and past successes in the energy sector.

Prof. dr. Venan Hadžiselimović, general director of Hifa-Oil, gave a presentation on the firm's shift from being predominantly an oil company to an energy company, along with the opportunities and problems that arose during this transformation. The role and significance of virtual power plants in the process of obtaining solid, long-term contracts for the purchase of electricity from renewable sources was highlighted in particular throughout the presentation.

Hifa-Oil company is the first private company with domestic capital to enter the wholesale electricity market in Bosnia and Herzegovina and the surrounding countries, and it has a great deal of experience purchasing electricity from RES. Additionally, the company has been able to access the SEEPEX electricity exchange in Serbia. Hifa-Oil is a trustworthy and secure partner in the production and distribution of power from renewable energy sources (RES).

In addition to the purchase of energy from RES, the Hifa-Oil company through the Euro Solar sector also offers complete solutions for the design and construction of solar power plants. In cooperation with global manufacturers of solar equipment and professional staff, the highest standard and quality of built solar power plants is ensured. Among the successfully completed projects of Euro Solar are some of the largest solar power plants in BiH, such as the solar power plant on an area of over 20,000 m2 in Trebinje, for Swisslion Takovo. One of the last completed projects is the construction of a solar power plant in Bosanski Petrovac, for which the investor was ASA Energija, a member of the ASA Group.

SEF 2024 was an excellent opportunity to open discussions about the possibilities for the further development of our country's energy potential, to exchange previous experiences and offer solutions, and a large number of people interested in these topics say that renewable energy sources are recognized as a development opportunity for our country.