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

SEEPEX-nominated-electricity-market-operator-nemo

SEEPEX becomes Serbia’s nominated electricity market operator (NEMO)

24 June 2022 - SEEPEX's appointment as Serbia's nominated electricity market operator paves the way for market coupling with the neighboring EU countries

Eriola Bibolli General Manager ProCredit Bank Kosovo

ProCredit Bank Kosovo – a driver of green finance and energy transition in the country

24 June 2022 - Author: Eriola Bibolli, General Manager, ProCredit Bank Kosova  It is a well-known fact that climate...

Croatia launches auctions for premiums for large power plants

Croatia launches auctions for renewable energy utility-scale power plants

24 June 2022 - The deadline for submitting bids for the award of premiums is July 4, according to the public call published by HROTE

EP votes protect EU industry after CO2 border tax fully implemented

EP votes to protect EU industry even after CO2 border tax is fully implemented

23 June 2022 - MEPs want to maintain free emission allowances for industrial producers in the EU after the CO2 border tax is fully implemented in 2030