Green power projects to add expenses for households


Photo: Pixabay


September 15, 2015






September 15, 2015





If electricity generated by wind and solar facilities was cheaper than from thermal power plants, Electric Power Co. of Serbia (EPS) would prioritize renewables, said Aleksandar Obradović, head of the government-controlled utility.

In an interview for regional news channel N1, he said EPS however does plan significant investments in aeolic and photovoltaic energy projects in the next five years, he added. The technology is indeed cleaner, but also more expensive, and that will have impact on bills for citizens, Obradović said and added this is why thermal power plants mustn’t be neglected. In his words, EPS constantly invests in environmental protection in those facilities.

The new block in thermal power plant Kostolac, financed by a loan from China, will be the most advanced and in full compliance with European Union’s regulation, he claimed.

The head of EPS said there will be no additional price hike this year. The company is preparing for the open market and needs to fight for customers, so there will be funds allocated for marketing, for „a modest, decent communication with buyers,“ Obradović underscored.

EPS plans to fire another 50 executives by the end of the year, after being reorganized from a system of 14 to just three enterprises, he said. The goal is to save EUR 36 million a year, and 40 executive positions have already been abolished, while now an estimate will be given for the excess number of employees, certainly in thousands, Obradović stated.

Related Articles

Minister Dubravka Dedovic Djedovic Handanovic Female Leader of Energy Transition award

Minister Dubravka Đedović Handanović receives Female Leader in Sustainable Energy award

29 September 2023 - President of CPOR and Cofounder of WISE Serbia Branislava Jovičić handed the Female Leader in Sustainable Energy award to Minister Dubravka Đedović Handanović


Bulgaria could add as much as 42 GW from wind outside protected areas

29 September 2023 - A study found that Bulgaria is expected to increase its total wind power capacity by...


US, Canada approve financing for new nuclear reactors at Romania’s Cernavodă

29 September 2023 - US Exim Bank approved a USD 57 million loan and Canada offered CAD 3 billion in financing for new reactors in Romania's Cernavodă plant

Alcazar Energy fund acquires rights wind power Bijela Montenegro

Alcazar Energy fund acquires rights to wind power project Bijela in Montenegro

28 September 2023 - Luxembourg-based Alcazar Energy took over the Bijela wind farm project in Šavnik in Montenegro, of 118 MW