Fifth overhauled unit at EPS’ hydropower plant Đerdap 1 put in operation
State power utility Elektroprivreda Srbije (EPS) has put in operation the fifth overhauled unit at HPP Đerdap 1, adding 30 MW of installed capacity to Serbia’s biggest hydropower plant. After the commissioning of the fifth overhauled unit, there is only one more unit left to be revitalized, and that job should begin next year, according […]
Electricity prices for households in Serbia to go up 3.9% on December 1
Electricity prices for households in Serbia will be increased by 3.9% on December 1, while prices for industrial consumers remain unchanged, according to energy minister Aleksandar Antić. The Energy Agency of the Republic of Serbia (AERS) has approved the price hike and it will reflect on December electricity bills, which households receive in January, the […]
EPS to invest EUR 4.6 billion by 2027, EUR 700 million to go into hydropower, renewables
Public power utility Elektroprivreda Srbije (EPS) intends to invest EUR 4.6 billion from 2019 to 2027, of which EUR 1.6 billion in the modernization of existing and construction of new thermal power plants (TPPs) as well as environmental protection, EUR 1,3 billion in distribution projects, EUR 1 billion in the coal sector, and EUR 700 […]
EPS invites expressions of interest for construction of 66 MW Kostolac wind farm
State power utility Elektroprivreda Srbije (EPS) has issued an invitation for expressions of interest in international public bidding (with pre-qualification) for the Procurement of Goods, Works and Associated Services for the Renewable Energy Project Kostolac – Wind Park, Serbia, which will be EPS first wind farm. The project includes the construction of a 66 MW […]
Six power utility EPS employees arrested over mini HPP Dubočica 2
Police have arrested six employees at Serbia’s state power utility Elektroprivreda Srbije (EPS) in Kraljevo on suspicion of office abuse related to the construction of a power facility for the Dubočica 2 mini hydropower plant (HPP), EPS said in a press release. The suspects arrested on office abuse charges concerning the Dubočica 2 mini hydropower […]
IMF calls for raising electricity tariffs in Serbia
Electricity tariffs in Serbia have not changed in two years and should be raised, International Monetary Fund (IMF) Resident Representative in Belgrade Sebastian Sosa has told a news conference, local media reported. Electricity tariffs in Serbia should at least be adjusted for inflation, Sosa said, also noting that the country will have to transition to […]
Serbia needs to hike electricity prices, but not before reforming EPS – Fiscal Council
Serbia’s state power utility Elektroprivreda Srbije (EPS) must step up investments in order to boost production capacities and meet environmental protection standards, which requires first implementing the company’s long-delayed reform and reducing power distribution losses, slashing or aborting the channeling of EPS’ profits into the state budget, and only then increasing electricity prices, according to […]
EPS reports net loss of EUR 11 million in 2018
State-owned power utility Elektroprivreda Srbije (EPS) made a net loss of RSD 1.3 billion (around EUR 11 million) in 2018, according to the business report of the EPS Group for 2018. A year earlier, the company reported a net profit of around RSD 6.3 billion (around EUR 53 million). EPS posted a pre-tax profit of […]
