EPS

When measured against its regional peers, Elektroprivreda Srbije (EPS) is increasingly lagging—not in stated ambition, but in execution speed, project scale, and repeatable delivery capacity. The contrast is clearest in renewables, flexibility, and grid-linked investments, where neighbouring utilities have moved from planning into multi-year construction cycles, while EPS is only beginning to transition from feasibility-heavy portfolios into first […]

The narrative of EPS’s financial and operational stabilisation is inseparable from the utility’s evolving capital-expenditure (CAPEX) and financing strategy. After years of emergency borrowing, reactive repair spending and short-tenor loans, EPS is now managing a deliberate, long-horizon investment pipeline totalling several billion euros. These investments are structured not as ad-hoc line items but as a

Elektroprivreda Srbije (EPS) today stands as the central pillar of Serbia’s energy system, emblematic of the transition from crisis-mode operations to stable, strategic utility performance underpinning macroeconomic stability, export earnings and industrial competitiveness. After the volatility of the early 2020s — characterised by deteriorating hydrology, rising import requirements and high European wholesale prices — EPS

Elektroprivreda Srbije has in the past several years lived through a turbulent period full of major promises, political announcements, strategic plans and serious challenges. EPS promised modernization, increased production, stable supply, energy transition, investment in new capacities, better environmental performance and financial stability. At the same time, Serbia confronted a European energy crisis, climate pressure,