Power utility Elektroprivreda Srbije has developed its Decarbonization Action Plan, said Executive Director for Investments and Development Aleksandar Jakovljević. The Decarbonization Action Plan of Elektroprivreda Srbije (EPS) involves the gradual reduction of electricity production from coal, the construction of pumped storage hydropower plants, and over 20 GW of new capacity from renewable energy sources, Aleksandar […]
Serbia’s power exchange, SEEPEX, has reached an agreement with state-owned utility Elektroprivreda Srbije to work together on strengthening the intraday electricity market. SEEPEX is proud to announce the signing of a strategic agreement with Elektroprivreda Srbije (EPS), Serbia’s largest power utility company, aimed specifically at securing its support for the organized intraday continuous (IDC) electricity […]
Electricity production at state-owned power utility Elektroprivreda Srbije’s (EPS) hydropower plants is set to hit a historic low this year due to unfavorable hydrological conditions, caused by exceptionally low precipitation in the Drina and Danube river basins over the past 18 months. The year-end figure will depend on whether and how well the hydrological situation […]
State-owned power utility Elektroprivreda Srbije (EPS) and the Government of Serbia plan to develop a 500 MW wind farm project with a strategic partner, according to Aleksandar Latinović, Head of Ancillary Services at EPS. He also noted that a 1,000 MW solar power project is expected to be online by 2029. The Energy Infrastructure Development […]
Serbia and South Korean company Korea Hydro & Nuclear Power have signed two memorandums of understanding on cooperation in the fields of nuclear energy and hydrogen. The memorandums were signed by Sonja Vlahović, State Secretary at the Ministry of Mining and Energy, and Joo-ho Whang, President and CEO of Korea Hydro & Nuclear Power (KHNP), […]
For the first time, Elektroprivreda Srbije (EPS) will not take out loans this year, but will finance all investments from its own resources, according to General Manager Dušan Živković. However, it has affected the financial performance of Serbia’s state-owned power utility, with profit in the first half of 2025 coming in lower than in the […]
Elektroprivreda Srbije achieved a profit of RSD 27.4 billion (EUR 233.8 million) in the first half of 2025. The financial result of the state-owned Elektroprivreda Srbije (EPS) is lower than in the same period of 2024, when profit amounted to RSD 32.8 billion (EUR 280.3 million). The company posted RSD 26.1 billion (EUR 222.8 million) […]
Power utility Elektroprivreda Bosne i Hercegovine aborted a waste co-incineration test at its Tuzla coal power plant. It halted the pilot project upon a request from the city authorities. Elektroprivreda BiH (EPBiH) announced it would comply with the resolutions that the City Council of Tuzla adopted, and halt the development project for trial co-incineration of […]
Serbian state-owned power utility Elektroprivreda Srbije, EPS, connected its first larger photovoltaic unit to the grid. The new solar power plant is called Petka and it has a 10 MW grid connection. It is located in the Kostolac coal mining complex east of Belgrade, next to a wind park that is nearing completion. Each new […]
Electricity consumption by end consumers in Serbia increased 2.7% last year, while production decreased 6.7%, according to the 2024 annual report of the Energy Agency of the Republic of Serbia. Higher consumption and lower production led to a 15% rise in imports. Excluding the use of electricity in power plants for production purposes, consumption by […]