Electricity

Antić: Serbia is not selling EPS

Published

August 16, 2016

Country

Comments

0

Share

Published:

August 16, 2016

Country:

Comments:

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

coal-power-generation-eu

Fossil fuels returned as top energy source in EU power generation in 2021

01 July 2022 - Among renewable sources, the biggest increase in 2021 was seen in electricity produced from solar energy, 13%,

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.

net-loss-eps-q1

Serbia’s power utility EPS posts Q1 net loss of EUR 254 million

30 June 2022 - The state-owned power utility is blaming the poor result on a drop in output, electricity imports, and capped prices for end-consumers

EU agrees fossil fuel car ban as climate package talks are starting

EU agrees fossil fuel car ban as climate package talks are starting

29 June 2022 - The Council of the EU and European Parliament are set for talks on the Fit-for-55 package. Both agree new combustion engines should be banned by 2035.