Electricity

EPS to invest EUR 4.5 billion by 2025

EPS privatization joint stock company

Photo: EPS

Published

December 18, 2016

Country

Comments

0

Share

Published:

December 18, 2016

Country:

Comments:

0

Share

Elektroprivreda Srbije (EPS) plans to invest EUR 4.5 billion into Serbian electric power system, but renewable energy sources still cannot replace coal as the main source of energy, according to the Serbian public power company’s strategy director.

“Coal fired power plants will remain the corner-stone of EPS power production in the coming period, along with further harmonisation with the European Union environmental legislation. EPS has already invested EUR 200 million in these processes, another EUR 600 million will be invested in the coming period,” said Jakovljević during the “The Economist: The World in 2017” conference held in Belgrade, as Tanjug news agency quoted.

He has also confirmed previously announced EPS’ plans to invest EUR 500 million in refurbishment of hydro power plants. The financing is to be provided by the European Bank for Reconstruction and Development (EBRD) credit line.

Apart from these projects, EPS also plans projects in the distribution system to increase supply safety and more efficient operations, with total planned investments reaching EUR 4.5 billion, according to Jakovljević.

Jakovljević said that there is also a potential in renewable energy source adding that the state had prepared relevant action plans that will be realized.

“What has to be said, since it is the most frequent question, whether renewable energy sources can become an alternative for coal in Serbia. Not at this moment. Not for a longer period of time”, said Jakovljević to the conference, adding that renewables should be included according to technological and technical feasibility taking care not to jeopardize the prices of electricity for end consumers.

EPS also plans projects to reduce the carbon-dioxide (CO2) emissions, while another field of action is the improvement of energy efficiency.

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

Kosovo Supreme Court three Kelag small hydropower plants must be shut down belaja ulrich eichelmann

Kosovo* Supreme Court: Kelag’s three small hydropower plants must be shut down

19 October 2021 - The facilities are owned by KelKos, a subsidiary of Austria-based Kelag-Kärntner Elektrizitäts and Kelag International.

Timmermans place for gas nuclear energy EU mix

Timmermans: There is place for gas, nuclear energy in EU energy mix

18 October 2021 - The European Commission's Frans Timmermans said gas has a future in the energy mix and that EU has nothing against nuclear energy

Serbia will not limit electricity prices due to energy crisis - prime minister

Serbia won’t cap electricity prices in response to energy crisis – prime minister

18 October 2021 - Prime Minister Ana Brnabić has said the government would not limit the prices of electricity, which the business sector requested.

Serbia power utility EPS investments in green energy

Serbia’s power utility EPS announces investments in green energy

15 October 2021 - Serbian state-owned power producer EPS aims to install 240 MW in solar power plants and 100 MW in wind farms by the end of the decade