State-owned power utility EPS has secured the purchase of electricity from the upcoming Alibunar 1 and 2 wind farms, which will have a combined capacity of 168 MW. This move is part of EPS’s ongoing commitment to invest in renewable energy projects, aiming to strengthen its production portfolio and market position while supporting renewable energy […]
State-owned power utility EPS has announced that public consultations for the environmental and social impact assessment (ESIA) of the planned Bistrica pumped-storage hydropower plant will be held on 13–14 May. This marks a key step in the project’s regulatory and community engagement process. EPS recently confirmed a delay in finalizing the draft Environmental Impact Assessment
Serbia is nearing the final stages of a major environmental upgrade at its Nikola Tesla B thermal power plant (TENT B), with over 96% of construction completed and all major equipment now installed, according to Minister of Mining and Energy Dubravka Đedović. The flue gas desulfurization project—valued at approximately €220 million—will implement advanced technology on
Serbia nears completion of desulfurization project at TENT B to curb emissions Read More »
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: SEEPEX reports April 2025 trading volume and price trends on energy exchange Read More »
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 invests €180 million in modernizing Radljevo mine for long-term energy security Read More »
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,
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: EPS posts €92 million Q1 profit, advances in renewables despite hydropower slump Read More »
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
Serbian oil company NIS has secured a new special license from the US Department of the Treasury, deferring the full application of sanctions until 27 June 2025. The license allows NIS and its subsidiaries to continue operations, honor contracts, and manage financial transactions without interruption. The company expressed gratitude for the support of the Serbian
Serbia: NIS receives US sanctions deferral until June 2025 Read More »
Serbian oil company NIS announced that it has submitted a new request to the US Department of the Treasury for a special license, seeking to delay the full enforcement of US sanctions, which are scheduled to take effect on 28 April. The request aims to ensure the company can continue its operations without disruption beyond
Serbia: NIS seeks extended US sanctions delay as current license nears expiry Read More »
