EPS, Siloviye Mashiny sign agreement on HPP Đerdap 2 revitalization
Public power utility Elektroprivreda Srbije (EPS) and Russia’s Siloviye Mashiny have signed an agreement on the overhaul of the Đerdap 2 hydropower plant (HPP), which would increase its capacity. During Russian President Vladimir Putin’s to Serbia, the two countries’ officials signed two memoranda, on cooperation in the electricity sector and on cooperation in the development […]
Power utility EPS gets energy permit to build its 1st wind farm
State power utility Elektroprivreda Srbije (EPS) has obtained the energy permit for the construction of its first wind farm. The energy permit was issued on December 31, 2018, according to a press release from EPS. The construction of the Kostolac wind farm is expected to begin in the third quarter of 2019. The investment is […]
Electricity prices across the region to increase by up to 40% in 2019
Electricity prices for businesses went up in Croatia this year, while hikes have been announced for 2019 in Serbia, of about 20%, and Bosnia and Herzegovina (BiH), of around 15%. At the same, wholesale prices in Romania could increase by 40%. Electricity supply for the business segment in the region has been liberalized, and state […]
Serbia’s budget fund for energy efficiency to quadruple to over EUR 4 million in 2019 – minister
Serbia’s budget fund for improving energy efficiency in 2019 will be worth RSD 500 million (about EUR 4.22 million), which was the fund’s overall value over the past four years, Minister of Mining and Energy Aleksandar Antić said today at the signature of agreements with 14 local governments on budget fund allocations for energy efficiency […]
EPS not to raise electricity price for the time being, energy minister says
Serbia’s public power utility Elektroprivreda Srbije (EPS) will not raise electricity prices over the coming period, Minister of Mining and Energy Aleksandar Antić has said, noting that Serbia is “defending the electricity price” before the International Monetary Fund (IMF) and the World Bank by citing EPS’ “good business results” and a favorable energy mix that […]
EBRD holds launch event for Green Economy Financing Facility in Serbia
The European Bank for Reconstruction and Development (EBRD) today hosted the launch event for the Green Economy Financing Facility (GEFF) in Serbia, the fourth and largest Western Balkan market where the GEFF, aimed at providing financing for energy efficiency improvements to households through a network of partner banks, has been rolled out to date. The […]
Belgium’s Elicio brings 42 MW Alibunar wind farm on stream
Belgium’s Elicio has completed the construction of the 42 MW Alibunar wind farm with 21 turbines, which will supply electricity to 38,000 households. The launch ceremony was attended by Serbian Minister of Mining and Energy Aleksandar Antić. The Alibunar wind farm, whose construction has soaked an investment of EUR 80 million, will result in the […]
Serbia, Republika Srpska ink memorandum to jointly build HPP Foča, HPP Paunci
The governments of Serbia and Republika Srpska (RS), an entity of Bosnia and Herzegovina (BiH) signed several memoranda at their joint session in Trebinje, BiH, including a memorandum on the joint construction of hydropower plants (HPP) Foča and Paunci, with a total installed capacity of between 90 MW and 95 MW and an estimated investment […]