serbia

Serbia: Srbijagas reports higher revenues but lower profit in 2024 amid debt reduction Read More »

Serbia: Srbijagas reports higher revenues but lower profit in 2024 amid debt reduction

In 2024, gas company Srbijagas saw a notable increase in operating revenues but experienced a significant decline in net profit. According to the company’s financial report, net income dropped to 71.6 million euros from 102.7 million euros in 2023. Despite the lower profitability, total operating income rose by 5% to nearly 1.55 billion euros, indicating […]

Serbia: EPS launches tender for FIDIC engineer to oversee final stage of Kostolac B3 project Read More »

Serbia: EPS launches tender for FIDIC engineer to oversee final stage of Kostolac B3 project

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,

Serbia advances energy security with new gas pipelines and oil supply diversification Read More »

Serbia advances energy security with new gas pipelines and oil supply diversification

Serbia plans to build two new gas pipelines over the next three years, connecting the country to North Macedonia and Romania. These projects, supported by the European Union, aim to strengthen Serbia’s energy network and diversify its gas supply routes. The pipeline to North Macedonia will link Serbia to the Trans-Anatolian (TAP) pipeline, providing access

Serbia: Egesa Enerji launches first solar projects with 8.6 MW capacity Read More »

Serbia: Egesa Enerji launches first solar projects with 8.6 MW capacity

Turkish company Egesa Enerji has begun work on two solar power plant projects in Serbia’s Vojvodina province, in the towns of Aradac and Odzaci. The total installed capacity will be 8.6 MW—4.2 MW in Aradac and 4.4 MW in Odzaci. Local firm Solarna Energija Buducnosti will supply the necessary solar equipment, including photovoltaic panels, inverters,

Serbia explores geothermal energy to boost clean energy transition Read More »

Serbia explores geothermal energy to boost clean energy transition

Serbia possesses significant untapped geothermal energy resources that have the potential to play a key role in the country’s energy transition. Ivan Jankovic, Deputy Minister of Mining and Energy, highlighted the importance of incorporating geothermal energy into Serbia’s overall energy strategy. As part of an initiative aimed at improving energy efficiency in state-owned buildings, the

Serbia strengthens power grid amid growing focus on European energy resilience Read More »

Serbia strengthens power grid amid growing focus on European energy resilience

In light of recent large-scale blackouts affecting multiple European countries, including incidents in the Balkans and on the Iberian Peninsula, Serbia is stepping up efforts to ensure the stability and resilience of its electricity transmission system. These developments will be at the center of discussions at an upcoming energy conference in Kopaonik. Jelena Matejić, CEO

Serbia: NIS proposes €39.2 million dividend payout from 2024 profit Read More »

Serbia: NIS proposes €39.2 million dividend payout from 2024 profit

The Board of Directors of Serbian oil company NIS has submitted a proposal to the shareholders’ assembly detailing the allocation of its 2024 profit. In line with long-standing company policy, NIS intends to distribute 25% of its annual profit to shareholders as dividends—a tradition maintained consistently, except during the pandemic. According to the board’s proposal,

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