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Serbia: EPS launches €110 million modernization of Vlasina hydropower plants to boost capacity and extend lifespan Read More »

Serbia: EPS launches €110 million modernization of Vlasina hydropower plants to boost capacity and extend lifespan

Serbia’s state-owned power utility EPS is continuing its hydropower modernization program, following upgrades at the Bajina Bašta, Zvornik, and Đerdap 1 plants. The next phase will focus on the Vlasina hydropower plants, with a reconstruction and modernization contract signed with Energotehnika Južna Bačka. The project coincides with the 70th anniversary of the Vlasina hydropower system […]

Serbia: SEEPEX day-ahead trading rises 11.9% in October, prices up sharply from September Read More »

Serbia: SEEPEX day-ahead trading rises 11.9% in October, prices up sharply from September

A total of 511,894 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX in October 2025, marking an 11.9 percent increase compared to the previous month and averaging 16,512.7 MWh per day. However, trading volume was 6 percent lower than in the same month last year. The average daily

Waste management compliance in Serbian industrial and construction projects: Regulation, risks and emerging standards of project governance Read More »

Waste management compliance in Serbian industrial and construction projects: Regulation, risks and emerging standards of project governance

In Serbia’s current industrial-investment surge, one topic that increasingly defines project outcomes is waste management. Once simply a matter of site-logistics—sorting debris and arranging disposal—waste handling has now moved centre stage. It sits at the intersection of regulatory enforcement, ESG (Environmental, Social, Governance) risk, financing conditions and operational commissioning. For industrial facilities, energy projects or

Banks, ESG compliance and the Owner’s Engineer: How financing, regulatory risk and construction supervision interlock in Serbia’s industrial projects Read More »

Banks, ESG compliance and the Owner’s Engineer: How financing, regulatory risk and construction supervision interlock in Serbia’s industrial projects

In Serbia’s current wave of industrial and energy development — from wind farms and substations to logistics hubs, factories, and high-voltage facilities — the decisive force shaping project viability is no longer just engineering, cost, or permitting. It is ESG compliance: Environmental, Social, and Governance requirements that now sit at the centre of financing, construction

Serbia ensures continuous fuel supply as Pančevo refinery extends operations until November 25 Read More »

Serbia ensures continuous fuel supply as Pančevo refinery extends operations until November 25

The Serbian Ministry of Mining and Energy has announced that the NIS oil refinery in Pančevo will continue its production and distribution operations until November 25, supported by sufficient crude oil reserves. The decision was confirmed after a session of the Standing Task Force for the National Strategy for Crisis Situations in the Oil Sector.

Serbia: NIS posts €2.5 million loss for first nine months of 2025 amid sanctions and market pressures Read More »

Serbia: NIS posts €2.5 million loss for first nine months of 2025 amid sanctions and market pressures

The NIS Group reported a net loss of approximately €2.5 million for the first nine months of 2025, with earnings before interest, taxes, depreciation, and amortization (EBITDA) reaching around €180 million. The company attributed its performance to the implementation of cost-saving measures across all business segments and its ability to adapt to changing market conditions.

ESG risk mitigation in heavy-industry construction and commissioning in Serbia Read More »

ESG risk mitigation in heavy-industry construction and commissioning in Serbia

Across Serbia, a new wave of industrial development is underway — from large-scale energy facilities and transformer substations to metallurgy complexes, logistics hubs, process plants, and high-voltage infrastructure. These projects are capital-intensive, long-lifecycle assets that attract foreign investment, EPC contractors, and lender scrutiny. Yet their most significant risks today are not limited to engineering, cost

Managing regulatory complexity in Serbia’s renewables market Read More »

Managing regulatory complexity in Serbia’s renewables market

Serbia’s renewable-energy sector stands on the threshold of major transformation. The country’s geography, resources, and strategic location in the Western Balkans provide vast potential for wind, solar, and hydro development. Yet that potential remains constrained by an enduring challenge — regulatory complexity. Turning ambitious energy goals into operational projects depends not only on laws and

U.S. presses Serbia to resolve NIS sanctions issue through sale or nationalization of Russian stake Read More »

U.S. presses Serbia to resolve NIS sanctions issue through sale or nationalization of Russian stake

According to diplomatic sources quoted by Serbian media, the United States sees only two possible solutions to the issue surrounding Serbian oil company NIS, which remains under U.S. sanctions because of its Russian ownership. The first option would involve selling the Russian-held shares to a company with no ties to Russia, while the second would

Serbia: Čibuk 2 wind farm begins trial operation, full commissioning planned for December Read More »

Serbia: Čibuk 2 wind farm begins trial operation, full commissioning planned for December

The Čibuk 2 wind farm, located in the municipality of Kovin in southern Banat, officially began trial operation on 21 October. So far, 35 MW of installed capacity has been connected to Serbia’s national electricity grid. The installation of all turbines is expected to be completed by mid-November, with the full 154 MW facility scheduled

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