EPS Distribution to pay EUR 2,6 million fine for monopoly abuse
EPS Distribution is charged with abusing its dominant position in the Serbian electricity distribution market. The state-owned company has to pay fine of RSD 330 million (EUR 2,6 million). The Council of the Commission for Protection of Competition adopted a decision stating that EPS Distribution Belgrade as the sole operator in the Serbian market of […]
EPS to invest EUR 4.5 billion by 2025
Elektroprivreda Srbije (EPS) plans to invest EUR 4.5 billion into Serbian electric power system, but renewable energy sources still cannot replace coal as the main source of energy, according to the Serbian public power company’s strategy director. “Coal fired power plants will remain the corner-stone of EPS power production in the coming period, along with […]
EPS Supply electricity trade under investigation
The police launched an investigation into Electric Power Industry of Serbia (EPS) due to the suspicious commercial electricity trade conducted by the former company EPS Supply (EPS Snabdevanje) . After the internal control of the state-owned company revealed that there is a suspicion about corrupt activities due to which EPS has lost about 300 large […]
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 […]