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

There is no power price crisis in Europe analysis

There is no power price crisis in Europe – analysis

11 March 2026 - Intervening in wholesale electricity markets would increase costs for consumers, while undermining investor confidence, according to a paper that Eurelectric commissioned

RGreen Renalfa Solarpro start another joint venture for Romania Poland

RGreen, Renalfa Solarpro start another joint venture for Romania, Poland

11 March 2026 - RGreen Invest and Renalfa Solarpro Group are establishing one more joint venture company – Renalfa Power Clusters (RPC)

HELLENiQ Energy first PV plants in Romania online

HELLENiQ Energy gets its first PV plants in Romania online

11 March 2026 - Athens-based conglomerate HELLENiQ Energy started commercial operations of its first two photovoltaic parks in Romania

croatia batteries BESS hgk position paper issues necp aljosa pleic

HGK: Croatia has only 11 MW of battery power, regulations stall investments

10 March 2026 - The Croatian Chamber of Economy (HGK) has published a position paper on barriers to battery investments in the country