Serbia is on the verge of launching its first large-scale wind power facility under the state-owned power utility EPS, with construction of the Kostolac wind farm entering its final stage. Minister of Mining and Energy, Dubravka Djedovic, announced that trial operations are expected to begin this autumn. The Kostolac wind farm, boasting a total installed […]
Serbia’s state-owned power utility, Elektroprivreda Srbije (EPS), has initiated a public procurement process to hire a consultant who will serve as the FIDIC engineer for the concluding phase of the Kostolac B3 thermal power plant project. The estimated value of the contract is around 600,000 euros. The role, defined under the FIDIC “Yellow Book” framework,
French renewable energy company Akuo Energy has finalized a power purchase agreement (PPA) with Serbia’s state-owned utility EPS for the Bela Anta 2 wind farm. The agreement covers the full 80 MW capacity of the project and includes responsibilities for network balancing. Bela Anta 2 is developed by Matrix Power, a wholly owned subsidiary of
Serbia: Pumped-storage hydropower plant Bistrica progresses as strategic energy project Read More »
Representatives from Serbia’s state-owned power utility EPS, local authorities, and non-governmental organizations held a presentation in Nova Varoš to discuss the construction of the Bistrica pumped-storage hydropower plant. Aleksandar Jakovljević, Executive Director for Investments and Development at EPS, underlined the importance of the Bistrica project, calling it the most significant ongoing energy initiative in Serbia.
Serbia: Solarina signs agreements with EPS for 150 MW solar power plant Read More »
Solarina, a local company owned by CWP Europe, has signed agreements with Serbia’s state-owned power utility, EPS, concerning the purchase of electricity, the transfer of balancing responsibility, and a market premium contract. These agreements stem from a recent renewable energy auction organized by the Serbian Government. As part of the auction, Solarina secured the right
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
