serbia

Energy near-sourcing as Germany’s industrial pressure valve: How Serbia fits into power, grid, equipment and services value chains Read More »

Energy near-sourcing as Germany’s industrial pressure valve: How Serbia fits into power, grid, equipment and services value chains

Germany’s energy transition has entered a phase where technical feasibility is no longer the binding constraint. The bottleneck is industrial execution under cost, time and risk pressure. Power generation assets can be planned, grids can be modelled, and hydrogen strategies can be drafted, but the physical delivery of energy infrastructure—plants, substations, converters, storage systems, control […]

Manipulation of electricity import prices in SEE power market Read More »

Manipulation of electricity import prices in SEE power market

A report by the Kosovo Transmission System and Market Operator (KOSTT) suggests possible manipulation of prices for electricity imported into Kosovo, implicating Serbia’s state energy company Elektroprivreda Srbije (EPS) and private trader Noa Energy Trade in coordinated behaviour during cross-border capacity auctions in 2025. The findings raise questions about how auction mechanisms were used to inflate transmission costs beyond the underlying electricity

Why EPS ceded coal landfills to foreign JV partners instead of building solar and storage alone Read More »

Why EPS ceded coal landfills to foreign JV partners instead of building solar and storage alone

The decision by power utility EPS to open its coal ash landfills, overburden dumps and degraded mining land to foreign joint-venture partners for solar and battery storage projects looks puzzling at first glance. EPS owns the land, controls grid access, understands the system better than any private player, and in theory enjoys implicit sovereign backing. In

EPS between reversible hydropower and gas plants: Flagship projects that never cross the point of no return Read More »

EPS between reversible hydropower and gas plants: Flagship projects that never cross the point of no return

Within EPS power utility company the story of repeated feasibility does not stop with classical hydropower. It becomes even more pronounced when looking at projects explicitly designed to solve Serbia’s most visible system weaknesses: flexibility, balancing and security of supply. Reversible hydropower and gas-fired generation have been identified for more than a decade as strategic answers

Stress-testing Serbia’s energy system: Technical shock scenarios, financial exposure and system-wide resilience limits Read More »

Stress-testing Serbia’s energy system: Technical shock scenarios, financial exposure and system-wide resilience limits

Serbia’s energy system sits at a structural crossroads. It combines large legacy baseload assets, growing renewable penetration, limited flexibility, and a transmission position that increasingly exposes it to regional volatility. Stress-testing the system is therefore not an academic exercise. It is a way to identify where physical limits, financial fragility and institutional liabilities intersect, and how

Quality before concrete: Governing procurement and equipment compliance in heavy industry and renewable projects Read More »

Quality before concrete: Governing procurement and equipment compliance in heavy industry and renewable projects

As heavy-industry facilities and large renewable-energy projects scale across Serbia and the wider region, procurement has emerged as one of the most underestimated determinants of bankability. Investors and lenders increasingly recognise that equipment quality, conformity and traceability are not procurement-side formalities, but core asset-risk variables. In this environment, the Owner’s Engineer (OE), acting as Employer’s Representative, has assumed a central role

From megawatts to bankability: Owner’s Engineer–led supervision governs solar and wind project delivery in Serbia Read More »

From megawatts to bankability: Owner’s Engineer–led supervision governs solar and wind project delivery in Serbia

Large-scale solar and wind projects in Serbia have fully transitioned into a phase where execution governance, statutory supervision, health-and-safety control, land management and post-commissioning performance assurance are decisive for investor outcomes. In this environment, the Owner’s Engineer acting as Employer’s Representative is no longer a technical layer sitting alongside construction, but the institutional backbone through which legal compliance, construction supervision, lender confidence and

Hungary’s full-spectrum energy ascendancy in Serbia: How MVM, MOL and gas expansion could redefine power, oil and geopolitical balance across Southeast Europe Read More »

Hungary’s full-spectrum energy ascendancy in Serbia: How MVM, MOL and gas expansion could redefine power, oil and geopolitical balance across Southeast Europe

If Southeast Europe once seemed like a fragmented energy landscape defined by dependence, vulnerability and political exposure, Hungary’s accelerating consolidation in Serbia is transforming that picture into something far more structured, strategically coherent and quantitatively powerful. What began as corporate expansion through MVM in electricity operations now aligns closely with MOL’s potential takeover of Serbia’s oil refining core,

How Southeast Europe’s refining map is being redrawn — and why Serbia’s future now depends on Pančevo and MOL Read More »

How Southeast Europe’s refining map is being redrawn — and why Serbia’s future now depends on Pančevo and MOL

The oil refining landscape in Southeast Europe is one of the most strategically sensitive industrial systems in the region, because after electricity and natural gas, refined petroleum products define structural competitiveness, price stability, logistics reality and the broader economic exposure of national markets. Over the past years, refining in the Balkans has increasingly become not

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