News

EPS becomes joint stock company by July

Published

January 3, 2016

Comments

comments icon

0

Share

Published:

January 3, 2016

Comments:

comments icon

0

Share

Electric Power Industry of Serbia (EPS) will become a joint stock company by July 1 to demonstrate to citizens that it is operating under conditions dictated by the market, its chief executive Aleksandar Obradović told the company magazine.

The transformation is an obligation from the state’s agreements with the International Monetary Fund and the transition from the status of a public enterprise must demonstrate there is no more room for the company to rely on the government, he was quoted by EPS energija. Net income and efficient operations will be the gauge of success for the state-owned company, Obradović said. The complex has proved to have gone the farthest in reforms and it was the first to start acting on them, he stressed.

The completion of the transition to a joint stock company has the support of the Ministry of Mining and Energy and other ministries, as well as the Government of Serbia overall, Obradović said.

Related Articles

Horius exclusive distributor PupinEnergy chargers Serbia

Horius becomes exclusive distributor of PupinEnergy chargers for Serbia

25 April 2025 - Horius signed an exclusive agreement and became the authorized distributor of PupinEnergy AC electric vehicle chargers in Serbia

romania ccgt power plants entso mintia burduja

Romania’s plan to install 2.15 GW of gas power plants isn’t viable

25 April 2025 - The evaluation is part of ENTSO-E’s annual assessment of Europe’s security of electricity supply for the ten years ahead

Project Albania first gas power plant enters next stage

Project for first gas power plant in Albania enters next stage

25 April 2025 - Greece-based GEK Terna and DEPA Commercial are preparing to build the first gas power plant in Albania, with local partner Gener 2

catl Naxtra Battery sodium ion lithium

CATL: World’s first mass-produced sodium ion battery is here

25 April 2025 - Naxtra breaks resource constraints and strengthens the foundation of the new energy industry, according to CATL