EPS | AEA-Albania Energy Association

December 2, 2025

by AEA in News

Renewables investors are seeking tailored financing services as they add BESS, adapt to risks

Market conditions have become challenging for renewables in the CEE region, alongside uncertainties in the regulatory sphere, which calls for advanced and tailored financing solutions, according to participants in UniCredit Serbia’s workshop on navigating capital flows in the segment, including mergers and acquisitions (M&A). Investors, UniCredit’s clients, highlighted the growing importance of battery energy storage […]

December 2, 2025

by AEA in News

Serbia’s EPS starts trial operation of its first wind park Kostolac

Serbia’s state-owned power utility Elektroprivreda Srbije put the 66 MW Kostolac wind farm into trial operation. The construction of Kostolac is complete, and Elektroprivreda Srbije’s (EPS) first wind farm has generated its first megawatt-hours, EPS announced. Upon receiving approval for connecting to the transmission system, the substation was energized and the blades of wind turbine […]

November 17, 2025

by AEA in News

Serbia’s EPS inks EUR 109.7 million deal for Vlasina HPPs revamp

Serbia’s power utility Elektroprivreda Srbije (EPS) signed a contract for the modernization of its Vlasina hydropower plants with Energotehnika – Južna Bačka. The contract for the reconstruction and modernization of the Vlasina (Vlasinske) hydropower plants (HPPs), with a capacity of 129 MW, was signed by Dušan Živković (sitting first from right), Chief Executive Officer of […]

November 10, 2025

by AEA in News

Serbia’s power utility EPS adopts Decarbonization Action Plan

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 […]

November 3, 2025

by AEA in News

EPS to help SEEPEX strengthen Serbia’s intraday power market

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 […]

October 20, 2025

by AEA in News

Ljiljana Velimirović is the Female Leader in Sustainable Energy for 2025

Ljiljana Velimirović, Project Manager 1, Investment Sector, Serbian state-owned power utility Elektroprivreda Srbije, received the Female Leader in Sustainable Energy 2025 award. The award recognizes outstanding results and dedication in advancing the energy sector in the Republic of Serbia. At the annual event of WISE Serbia Women’s Network in sustainable energy, climate action, and environmental […]

October 14, 2025

by AEA in News

Serbia’s hydropower output drops to all-time low amid drought

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 […]

September 9, 2025

by AEA in News

Serbia’s EPS plans to build 500 MW of wind farms with strategic partner

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 […]

September 4, 2025

by AEA in News

Serbia, South Korea’s KHNP to cooperate on nuclear energy, hydrogen

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), […]

August 27, 2025

by AEA in News

Serbia’s power utility to take no loans in 2025, fund coal projects on its own

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 […]

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