Electricity

EPS halts construction of its first solar power plant

EPS halts construction of its first solar power plant

Photo: loufre from Pixabay

Published

May 13, 2022

Country

Comments

0

Share

Published:

May 13, 2022

Country:

Comments:

0

Share

Serbia’s power utility Elektroprivreda Srbije (EPS) has suspended the construction of its first solar power plant Petka, with a capacity of 9.95 megawatts (MW), citing lack of funds.

The tender for the construction of the Petka solar power plant at the external tailings dump of the Ćirikovac coal mine in the Kostolac basin was announced in January. One offer was received, assessed as acceptable, and the signing of a contract proposed. However, at the end of April, EPS decided to stop the deal.

EPS said its management informed the company’s public procurement commission that “there are no funds available for this purpose.”

All available funds are directed to the production of coal and electricity

Having in mind the current situation in the region, and within EPS, as well as the prices of oil, gasoline, coal and electricity, the company would use all available funds to maintain production of coal and electricity, the decision reads.

EPS declined to comment. Of note, at the end of April the company has decided to postpone the reconstruction of three units in coal power plants TENT A1 and TENT A2.

It is obvious that the collapse of coal and electricity production in EPS in December last year caused huge financial issues. It was officially announced that from December 12, when the collapse of coal power plants began, which was reflected in reduced production by up to 60 percent, until April 20, EPS had to import 2.23 terawatt-hours (TWh) of electricity, worth EUR 530.7 million in total.

EPS imported electricity worth EUR 531 million last winter

If there was no collapse, EPS would not have spent such an amount. But it is not the last of its troubles, because the utility still imports electricity even though it regularly exported it in the current period in previous years.

On top of all that, it has to import four million tons of coal by the end of next year as production weakened, bringing another unplanned expense, estimated at several hundred million euros.

Importing electricity and coal would not be such a challenge if prices had not increased by several times due to the energy crisis.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Construction of first large solar power plant in BiH kicks off

27 May 2022 - The facility will be located in the southern municipality of Grude, 20 kilometers from the Adriatic Sea and 50 kilometers from Mostar

Wind solar save Turkey amazing USD 7 billion 12 months

Wind, solar save Turkey amazing USD 7 billion in last 12 months

27 May 2022 - Wind and solar power plants saved Turkey USD 7 billion over the last 12 months as it would have had to compensate for the shortfall with gas imports

Romania EUR 1 4 billion European funds grid solar gas

Romania to invest EU funds of over EUR 1.4 billion in grid, solar power, gas plants

27 May 2022 - The EU allowed Romania to use its share of the Modernisation Fund for the makeover of coal plant owner CE Oltenia and the electricity grid

guarantees-of-origin-energy-community-registries

Guarantees of origin scheme ready to go live in Energy Community markets

26 May 2022 - All that is left to do is for the national issuing bodies to sign agreements with energy certificate registry provider Grexel, says Naida Taso