Serbia seeks to privatize district heating operator, hydraulic engineering firm
The Ministry of Economy has invited letters of interest in the privatization of Energetika, which provides district heating services in Kragujevac, the fourth-largest city in Serbia. The letters of interest, which are to contain a proposal of a privatization model, an indicative purchase price, an investment program, a framework business plan, and the number of […]
Opovo contracts installation of four solar bus shelters
The municipality of Opovo has signed an agreement with Subotica-based Aya Bit Solutions to deliver and install four solar-powered bus shelters. The agreement with Aya Bit Solutions, which won a bid for the project co-financed by the province of Vojvodina, is worth RSD 4.95 million (about EUR 42,000), including VAT. The municipality of Opovo is […]
Novi Sad to seek bids to build new pumping station for wastewater system
Tendering for the construction of a new main pumping station for Novi Sad’s wastewater collection system should be launched soon, the daily Večernje Novosti reported, adding that local authorities have secured RSD 860 million (EUR 7.2 million) for the project. The new main pumping station, to be located between the Kvantaška market and the Žeželj […]
EPS to transform to JSC in 2020, tariff review for 2018 to be completed by end-August, Serbia tells IMF
The legal status of public power utility Elektroprivreda Srbije (EPS) will be changed to a joint-stock company in 2020, while a tariff review for 2018 will be completed by the end of August with the assistance of the World Bank, the Serbian authorities wrote in the program statement concerning the new Policy Coordination Instrument (PCI) […]
Fintel Energija to launch IPO on August 1
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, published the prospectus on July 25 for its initial public offering (IPO) on the Belgrade Stock Exchange (BELEX). Fintel Energija, which has a total of 25 million issued shares, will now offer 6.5 million shares at RSD 500 (about EUR 4.24) as part […]
Užice announces EUR 2 million energy efficiency investment in schools for 2019
The City of Užice has announced a EUR 2 million energy efficiency investment in seven schools for 2019 as part of the energy efficiency program jointly implemented with the Swiss Cooperation Office. Užice Deputy Mayor Nemanja Nešić said that the energy efficiency program, financed by the Swiss State Secretariat for Economic Affairs (SECO), is designed […]
EPS reports net profit of EUR 28.8 million, distribution subsidiary EUR 20.3 million in 2017
Public power utility Elektroprivreda Srbije (EPS) made a net profit of around RSD 3.4 billion (about EUR 28.8 million) in 2017, according to the unconsolidated audited financial report posted on the company’s website. In 2017, EPS bought RSD 11.4 billion (some EUR 96.6 million) worth of electricity on the domestic market, about RSD 5.9 billion […]
Serbia preparing project to expand network of EV charging stations – CEH-V director
A major state project is being developed to expand Serbia’s network of electric vehicle charging stations, said Miloš Petrović, director of the Center for Electric and Hybrid Vehicles (CEH-V), set up in cooperation with the University of Belgrade Faculty of Mechanical Engineering. Serbia needs an estimated 150 EV charging stations, Petrović said, local media reported, […]