Electricity

Vučić: We will have to invest up to EUR 33 billion in energy infrastructure

Vučić: We will have to invest up to EUR 33 billion in energy infrastructure

Photo: Balkan Green Energy News

Published

November 18, 2022

Country

Comments

comments icon

0

Share

Published:

November 18, 2022

Country:

Comments:

comments icon

0

Share

Serbian President Aleksandar Vučić has announced significant investments in energy infrastructure. As he pointed out, for the necessary reforms in the energy sector in the coming period, Serbia will need up to EUR 33 billion euros in investments.

“We will have to change our habits and implement reforms, work in another way. We must do it as soon as possible, or we will face a real disaster. It is about EUR 16-17 billion to EUR 32-33 billion that we have to invest in energy infrastructure,” said President of the Republic of Serbia Aleksandar Vučić.

Vučić: We have to do it as soon as possible, or we will face a real disaster

He announced such necessity for the investments at The Norway – Western Balkans Business Conference: Investment Opportunities in the Western Balkans organized by the Nordic Business Alliance.

At the conference, the leaders of the Western Balkan countries announced the formation of a regional market in the energy sector.

“This is an opportunity for foreign investors, but also for all of us to increase the level of our GDP, to increase the growth rate, but at the same time, it will be difficult to maintain fiscal stability and to keep public finances under control in these difficult times. We have to act together, we have to work together,” Vučić noted on an official Instagram account.

The president of Serbia pointed out that renewable energy sources, electricity grids, and interconnections are the most important part of reforms.

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

MET Group Hungary largest battery energy storage system

MET Group inaugurates Hungary’s largest battery energy storage system

19 June 2025 - MET Group installed a battery energy storage system of 40 MW and a two-hour duration at its gas power plant Dunamenti near Budapest

energy transition eti 2025 wef wind

WEF: Global energy transition picks up pace

19 June 2025 - The World Economic Forum's latest report shows the fastest energy transition progress since before the COVID-19 pandemic.

Greece to participate in European Nuclear Alliance Mitsotakis

Greece to participate in European Nuclear Alliance

19 June 2025 - Greece is going to explore its options for the introduction of nuclear energy, according to Prime Minister Kyriakos Mitsotakis

Western Balkan coal plants cut harmful emissions 2024 breaches extreme

Western Balkan coal plants cut harmful emissions in 2024 but breaches remain extreme

19 June 2025 - SO2 emissions from NERP-bound coal plants in BiH, Kosovo*, North Macedonia and Serbia were six times above legal limits last year