News

Government sacks power utility head for misspending

Published

March 8, 2016

Comments

comments icon

0

Share

Published:

March 8, 2016

Comments:

comments icon

0

Share

Prime minister Aleksandar Vučić said the purchase of two Audi vehicles was the last drop which led Aleksandar Obradović, chief executive of state-owned Electric Power Industry of Serbia (EPS), to be relieved of his duty, B92 portal reported. The new head of the company will be picked through public contest, the premier said.

Asked whether there’s indication Obradović is responsible for anything more drastic than what he got demoted for, Vučić said it’s a question for state authorities. Speaking earlier for state broadcaster RTS, he announced the dismissal due to failure to comply with austerity measures. Vučić also said he is unhappy with the restructuring of EPS.

The Fiscal Council recently stated the public company’s business results currently pose the greatest risk to Serbia’s public finances. The independent state body’s president Pavle Petrović stated EPS had “a bunch of problems” and singled out the number of employees and their high salaries.

Union representatives have cut demands for severance pay from EUR 1,500 to EUR 900 per year of service for those who are about to be laid off. The decrease in headcount is part of the current arrangement with the International Monetary Fund.

Related Articles

IEA's Birol warns of black April in global energy crisis

IEA’s Birol warns of ‘black April’ in global energy crisis

07 April 2026 - The energy crisis surpasses the shocks of 1973, 1979 and 2022 combined, said the IEA's chief Fatih Birol and warned of "a black April"

france wind offshore auction cybersecurity

France favors European-made components in wind and solar auctions, plans cybersecurity criterion

06 April 2026 - France has launched a 12 GW renewable energy auction package that will favor bids using a higher share of European-made technology

montenegro epcg edf hpp krusevo sahmanovic dragas mrvaljevic

Montenegro, EDF discuss Kruševo pumped storage hydropower project

06 April 2026 - Representatives of the Ministry of Energy and Mining and state-owned power utility Elektroprivreda Crne Gore held talks with EDF's delegation

power grid capacity renewables demand eu ember

Ember: Lack of grid capacity threatens EU’s energy security

06 April 2026 - The European Union's grids lack the capacity to connect new renewables and meet additional electricity demand