State-owned power utility EPS has secured the purchase of electricity from the upcoming Alibunar 1 and 2 wind farms, which will have a combined capacity of 168 MW. This move is part of EPS’s ongoing commitment to invest in renewable energy projects, aiming to strengthen its production portfolio and market position while supporting renewable energy […]
State-owned power utility EPS has announced that public consultations for the environmental and social impact assessment (ESIA) of the planned Bistrica pumped-storage hydropower plant will be held on 13–14 May. This marks a key step in the project’s regulatory and community engagement process. EPS recently confirmed a delay in finalizing the draft Environmental Impact Assessment
Serbia: EPS posts €92 million Q1 profit, advances in renewables despite hydropower slump Read More »
State-owned Serbian power utility Elektroprivreda Srbije (EPS) reported a net profit of €92 million in the first quarter of 2025, surpassing expectations despite a reduction in electricity prices for businesses of up to 20% year-on-year. The strong financial performance has been attributed to improved operational efficiency and a secure energy supply during the winter. While
State-owned power utility EPS has announced a delay in completing the draft environmental impact assessment (EIA) study for the Bistrica pump-storage hydropower plant project, citing recent changes in legislation as the primary reason. The study is being developed in line with Serbia’s Law on Environmental Impact Assessment and based on guidelines issued by the Ministry
Serbia: EPS completes wind and solar installations as part of green energy push Read More »
Elektroprivreda Srbije (EPS) has successfully completed the installation of the 20th and final wind turbine at its first-ever wind farm in Kostolac, finalizing a renewable energy project with a total capacity of 66 MW. In parallel, all solar panels have been installed at the nearby Petka solar power plant, which is scheduled to be connected
State-owned power utility EPS has announced that coal production at the Kolubara mining basin has remained stable and is performing above expectations. Since the beginning of the year, output has exceeded planned levels by 6%. The company attributes this success to efficient operational management and the dedication of its workforce, which has ensured consistent coal
Serbia: EPS to invest 450 million euros in Kolubara lignite mine Read More »
EPS is investing 450 million euros in new equipment at the Kolubara coal mine to increase its production capacity, the energy ministry Dubravka Djedovic Handanovic said in a press release. The investment also involves the launch of replacement production capacities to enable the exploitation of coal from surface mines, as well as the construction of
EPS doubles its profit in Q1 Read More »
The Board of Directors of Elektroprivreda Srbije (EPS) Joint Stock Company adopted the Report on the three-year business plan implementation for the first quarter of 2024, revealing that the company’s profit reached 28.3 billion dinars. This figure is twice as high as projected, EPS announced today. The profit marks a five percent increase compared to
SEE region: Romania cautiously considers to build a new hydropower plant with Serbia Read More »
Romanian Ministry of Energy confirmed that the country could join Serbia as an equal partner in the project for a third hydropower plant on the Danube, but it denied that a joint team to coordinate the project was set up and highlighted that the project should be approached with caution since it has an important
Serbia: EPS to receive 100 million euros loan for decarbonisation projects Read More »
Italian development bank Cassa Depositi e Prestiti will provide a 100 million euro financing package to Serbian power utility Elektroprivreda Srbije to support the decarbonisation process, EPS said in a press release. The initiative aims to bolster renewable energy use, enhance energy sector security, and promote sustainability, supporting Serbia’s plans for renewable energy expansion and
