Renewables

Serbian minister discusses electricity sector investment with Saudi fund

Serbian minister electricity sector investment Saudi fund

Photo: Ministry of Mining and Energy

Published

March 10, 2023

Country

Comments

comments icon

0

Share

Published:

March 10, 2023

Country:

Comments:

comments icon

0

Share

Minister of Mining and Energy Dubravka Đedović met with the representatives of the Saudi Fund for Development in Belgrade to discuss Serbia’s long-term strategies for the mining and energy sectors.

The Saudi Fund for Development is Saudi Arabia’s government agency funded in 1974. It finances projects in the areas of transportation, energy, agriculture, water supply and healthcare.

Đedović pointed out that Serbia is undergoing an energy transition and that it is about to enter an intensive energy sector investment cycle, the ministry said. The aim is to change the energy mix to achieve security of supply, the minister added.

Serbia is preparing for a series of investments in energy production

“In our mid-term plan there is a series of strategic projects for the next five years requiring investments of several billion euros, primarily in production capacities, but also for strengthening the transmission and distribution networks to enable more energy from renewable sources on the grid,” Đedović stressed.

Drafting is underway of strategic documents: the Integrated National Energy and Climate Plan and the Energy Development Strategy

The ministry noted that strategic documents are being drafted – the Integrated National Energy and Climate Plan and the new Energy Development Strategy. They will determine long-term objectives and priorities for reducing the energy sector’s environmental impact while maintaining the sustainability and stability of the energy system.

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

eu smart meters acer list slovenia croatia

Slovenia tops EU list for most smart power meters, Croatia among laggards

25 July 2025 - At the top of the list of European Union member states with the highest number of smart meters are the Scandinavian countries and Italy

serbia wind farm plandiste nis met dubravka djedovic

Government of Serbia interested in taking over Plandište wind project

25 July 2025 - Plandište is one of the projects that obtained feed-in tariffs under the first quota of 500 MW for wind power plants in Serbia

Project 81 MW solar park on coal mine in Montenegro

Project underway for 81 MW solar park on coal mine in Montenegro

24 July 2025 - The Government of Montenegro gave a provisional green light for a solar power plant of 81.1 MW in peak capacity on coal land in Pljevlja

croatia rp global novalja solar ebrd loan

RP Global gets EUR 12.2 million loan for Novalja solar project

24 July 2025 - In late April, Austrian company RP Global began the construction of the Novalja PV plant at the Zaglava site on the island of Pag