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Serbia: SEEPEX reports April 2025 trading volume and price trends on energy exchange Read More »

Serbia: SEEPEX reports April 2025 trading volume and price trends on energy exchange

In April 2025, a total of 499,795.4 MWh of electricity was traded on the day-ahead market on the Serbian energy exchange SEEPEX, representing a 1.9% decrease compared to the previous month, with an average of 16,659.9 MWh/day. The traded volume in April 2025 was 5.9% higher than the same month last year. The average daily […]

Serbia invests €180 million in modernizing Radljevo mine for long-term energy security Read More »

Serbia invests €180 million in modernizing Radljevo mine for long-term energy security

Serbia’s Minister of Energy and Mining, Dubravka Djedovic, has highlighted the construction of two bucket-wheel excavator–conveyor–stacker (BTO) systems at the Radljevo open pit mine in the Kolubara mining basin as one of the Serbian Government’s top priorities. These systems are part of ongoing efforts to modernize and expand mining operations, ensuring a stable future for

Serbia: NIS Group sees 16% profit decline in Q1 2025 amid lower oil prices and SDN listing Read More »

Serbia: NIS Group sees 16% profit decline in Q1 2025 amid lower oil prices and SDN listing

Serbian oil and gas company NIS Group recorded a net profit of €12.8 million in the first quarter of 2025, down 16% compared to the same period last year. EBITDA fell by 15% to €72.5 million, reflecting the impact of softer oil prices and ongoing international restrictions. The company allocated €47 million to capital investments,

Serbia: EPS posts €92 million Q1 profit, advances in renewables despite hydropower slump Read More »

Serbia: EPS posts €92 million Q1 profit, advances in renewables despite hydropower slump

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

Serbia: Revitalization of Bajina Basta pumped-storage hydropower plant progresses as planned Read More »

Serbia: Revitalization of Bajina Basta pumped-storage hydropower plant progresses as planned

The second phase of the revitalization of Serbia’s Bajina Basta pumped-storage hydropower plant (HPP) is progressing smoothly, with equipment dismantling completed and testing currently underway. HPP Bajina Basta plays a vital role in the operations of Electric Power Industry of Serbia (EPS) and the country’s national electricity grid. The refurbishment aims to enhance the plant’s

Serbia: Fortis Energy to build 110 MW solar power plant with storage Read More »

Serbia: Fortis Energy to build 110 MW solar power plant with storage

Turkish renewable energy company Fortis Energy has announced plans to construct a 110 MW solar power plant near the town of Sid in northwestern Serbia. The Erdevik solar project will also feature a 31.2 MWh energy storage system, enhancing grid stability and energy reliability. The project reached a key milestone in January 2025, receiving approval

Serbia: EPS delays environmental study for Bistrica hydropower project due to legal changes Read More »

Serbia: EPS delays environmental study for Bistrica hydropower project due to legal changes

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: Belgrade advances geothermal energy projects in push for cleaner heating solutions Read More »

Serbia: Belgrade advances geothermal energy projects in push for cleaner heating solutions

Belgrade is making strides toward adopting geothermal energy, following a collaboration between public utility Beogradske Toplane and the Faculty of Mining and Geology. Recent exploratory work has confirmed the promising potential for geothermal energy at several sites across the city, including Borča, the Danube area, and Batajnica. Batajnica has emerged as a key focus, with

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