EPS completes its organizational changes

Status changes from July 1 in the Electric Power Industry of Serbia (EPS) are the biggest organizational changes in the last two decades, the company’s newspaper EPS Energija said. Instead of 14 entities, the system now consists of three.

After the restructuring programme was adopted by the Government of Serbia in November, the process started on April 15. Seven enterprises, including the renewables unit and two hydropower plant operators, were merged with EPS, Ratko Bogdanović, chief of project team, told the paper. There was no auditing and on July 1 all property, rights and liabilities of those firms were transferred to EPS, together with the workers. Something different happened in the distribution sector. Four regional enterprises as transmission operators were merged with Elektrodistribucija Beograd and ceased to exist, and later the universal company changed its name to EPS distribucija. Corporatization can now enter its second stage, Bogdanović said.