Electricity

Antić: Serbia is not selling EPS

Published

August 16, 2016

Country

Comments

comments icon

0

Share

Published:

August 16, 2016

Country:

Comments:

comments icon

0

Share

Officials denied speculations the Government of Serbia hired domestic Energoprojekt Entel and the Economics Institute to evaluate the assets of Electric Power Industry of Serbia (EPS) in order for the state to be able to sell it.

Minister of mining and energy Aleksandar Antić said the aim is to strengthen the enterprise, Tanjug agency reported. He stressed media reports about an upcoming privatization are not true.

EPS is in the process of restructuring, where the corporatization phase is over and now financial consolidation is underway, said the official, re-elected earlier this month after parliamentary elections. EPS may become a joint stock company next year, Antić stated. Therefore, he added, the Government is working on defining the utility’s property.

Branko Kovačević, chairman of the Supervisory Board of EPS, said privatization is out of the question at this moment. He stressed EPS must become a joint stock company, and that its assets must be determined for this to happen. This is the first step towards the listing on a stock exchange, where the price of the company would grow, he said. EPS is not ready for sale now, Kovačević underscored, saying he believes state-owned enterprises that are profitable should not be privatized.

July 1 was the deadline for the switch to a joint stock company, but the plans for the move were postponed for another year, domestic media said.

Tags: ,

Related Articles

gas interconnector srbijagas nomagas

Serbia, North Macedonia working on gas interconnector project

03 July 2025 - Srbijagas and Nomagas have expressed their intention to build the Serbia – North Macedonia gas interconnector soon.

IHA Turkey 2024 hydropower additions highest Europe again

IHA: Turkey’s 2024 hydropower additions highest in Europe again

03 July 2025 - The world's hydroelectric capacity increased 1.7% last year to 1.44 TW, the International Hydropower Association said in its annual report

YEO Defic Globe projects 219 MW Romania rebranding

YEO’s Defic Globe buys projects for 219 MW in Romania amid rebranding

03 July 2025 - Defic Globe, controlled by YEO, acquired 15 project firms developing plans for power plants and battery storage in Romania

HELLENiQ Energy buys ABO Energy Hellas 1 5 GW renewables

HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

02 July 2025 - Amid a consolidation in the renewables sector in Greece, HELLENiQ Energysaid it completed the acquisition of ABO Energy Hellas