EPS invests EUR 500 million in hydropower
Electric Power Industry of Serbia (EPS) will invest about half a billion euros in the modernisation of hydropower plants (HPPs) by 2025 announced Aleksandar Jakovljević, Director of the EPS Directorate for Strategy. Hydropower plants produce one third of EPS total electricity production. They were built from 26 to 60 years ago, so EPS plans to invest EUR […]
EPS stretched between revitalization and Serbia’s social politics
Electric Power Industry of Serbia (EPS) had EUR 105,2 million profit in the first-half of 2016, and achieved EUR 110 million in savings, said company`s CEO production director Savo Bezmarević at the 16th Serbian economy summit in Belgrade, Tanjug news agency reported. “After years of stagnation, our facilities are now in pace with the original […]
EPCG and EPS discussing plans for HPP Komarnica
In the middle course of the Komarnica valley in Montenegro, a 170 MW hydroelectric power plant (HPP) is planned to be constructed. The new plant is expected to produce around 200 GWh of electricity per year. Representatives of the Montenegrin Electric Power Company (EPCG) discussed the matters with project partners, Electric Power Industry of Serbia […]
EPS lifts power prices for households, small-scale buyers
The Council of the Energy Agency of the Republic of Serbia (AERS) said on August 31 it approved the decision of public enterprise Electric Power Industry of Serbia (EPS) to increase prices by an average 3.8% for households and small-scale customers. The tariff is rising to RSD 6.6 (5.35 euro cents) per kWh excluding tax, […]
EBRD boss supports Serbia’s EU path
Serbia has been on a right road to the European Union, but further reforms in economy are needed to secure the country’s leadership in business environment, president of the European Bank for Reconstruction and Development Suma Chakrabarti said in Belgrade on Thursday. He added the EBRD managed to increase investment to around EUR 500 million […]
EPS to initiate tenders for small hydro units
Electric power utility of Serbia (EPS) announced it intends to use the proceeds of a loan from the European Bank for Reconstruction and Development for four tenders, three of which are expected to be launched during the last quarter of the year. The whole project has a total estimated cost of EUR 37 million. The overall […]
Antić: Serbia is not selling EPS
Officials denied speculations the Government of Serbia hired domestic Energoprojekt Entel and the Economics Institute to evaluate the assets of Electric Power Industry of Serbia (EPS) in order for the state to be able to sell it. Minister of mining and energy Aleksandar Antić said the aim is to strengthen the enterprise, Tanjug agency reported. […]
EPS is worth up to EUR 14 billion, shouldn’t be sold
Branko Kovačević, chairman of the Supervisory Board of the Electric Power Industry of Serbia, told daily Politika the state-owned utility expects a possible capital addition. Asked about a recent dispute with Tony Verheijen, head of the World Bank in the Balkan country, he added the developments can point to the intention to sell the enterprise, but […]