Serbia’s Vučić rekindles small modular reactor initiative

Serbia Vucic rekindles small modular reactor initiative

Photo: Aleksandar Vučić / Facebook


February 17, 2024



comments icon




February 17, 2024



comments icon



President Aleksandar Vučić said he spoke with officials from the United Kingdom on increasing the engagement of UK Export Finance in Serbia as well as about investments in renewables and small modular reactors.

Most countries in Southeastern Europe are considering or developing nuclear power projects. Serbia has a moratorium in force since 1989, but President Aleksandar Vučić signaled again that it could be abolished. In a statement to the media at the Munich Security Conference (MSC), he said he earlier started an initiative concerning small modular reactors (SMRs) and that the authorities discussed the matter with Rolls-Royce at the time.

Vučić said he spoke to British officials at the event. In his words, they considered the possibility that the United Kingdom’s Export Credits Guarantee Department or UK Export Finance (UKEF) provides more support.

Serbia has discussed potential SMR projects with Rolls-Royce, Vučić revealed

Serbia is working with Japan International Cooperation Agency, JICA, on the Bistrica pumped storage hydropower project. The president said that with his British counterparts he analyzed UKEF’s participation in the investment if needed.

“The interest rates are somewhat higher, but with them one can work quickly and efficiently. And really well and clean,” he claimed. Another topic were investments in renewables, Vučić revealed.

“I don’t know what we will do in four, five years. It is why we are starting to address all topics, because we will be consuming two to three times more electricity,” he stated.

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

Romania-ambitious energy storage plans 5 GW by end 2026

Romania’s ambitious energy storage plans: 5 GW by end-2026

18 July 2024 - These ambitious energy storage targets are aligned with transmission system operator Transelectrica’s recommendations and analyses

ems serbia grid connection wind solar

Serbia opens new round of grid connection applications for wind, solar

17 July 2024 - TSO EMS has announced that September 1 would mark the start of the new interval for the preparation of studies for the grid connection

Trafigura Romanian renewables solar power Nala

Trafigura enters Romanian renewables market via solar power project purchase

17 July 2024 - Trafigura's subsidiary Nala Renewables bought a ready-to-build PV project of 61 MW in Romania with an option to integrate battery storage

western balkans wind solar investments study

Western Balkans have as many prospective solar, wind projects as Germany

17 July 2024 - Prospective utility-scale solar and wind capacity amounts to 23 GW or 70% more than a year ago, according to the latest study