News

EPS becomes joint stock company by July

Published

January 3, 2016

Comments

0

Share

Published:

January 3, 2016

Comments:

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

Cascading-power-grid-failure-causes-blackout-in-BiH-Montenegro-Albania-Dalmatia

Cascading power grid failure causes blackout in BiH, Montenegro, Albania, Dalmatia

21 June 2024 - Overloads in key electricity interconnections led to unprecedented outages in BiH and Montenegro today while the power was out in much of Croatia and Albania as well

Renalfa largest battery facility Bulgaria into operation

Renalfa IPP puts largest battery facility in Bulgaria into operation

21 June 2024 - Renalfa IPP has started the commercial operation of its first utility-scale battery energy storage system

global-energy-emissions-fossil-fuel-use-hit-all-time-highs-in-2023

Global energy emissions, fossil fuel use hit all-time highs in 2023

20 June 2024 - Global emissions from energy increased 2% year on year in 2023, exceeding 40 gigatons of CO2 for the first time ever

Serbia-commission-first-study-possibility-building-nuclear-power-plants

Serbia to commission first study on possibility of building nuclear power plants

20 June 2024 - The Ministry of Mining and Energy of Serbia invited consultants to conduct an analysis of nuclear energy technologies including SMRs