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Serbia: US extends sanctions deadline for NIS until late September

The US Department of the Treasury has once again delayed the enforcement of sanctions on Serbian oil company NIS, marking the sixth extension of the deadline. According to the Serbian Government, the new date for the possible implementation is set for 26 September. Officials emphasized that despite ongoing geopolitical challenges, NIS continues to ensure stable […]

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Serbia: Energy regulator approves higher network access fees and updates household billing rules

At the request of transmission and distribution system operators EMS and EDS, the Council of the Energy Agency (AERS) has approved updated access fees for the transmission and distribution networks, which will take effect on 1 October. The transmission fee for 2025 will increase by 10% compared with the level set on 1 October 2021,

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Serbia: Kostolac wind farm to begin trial operations by year-end, adding 66 MW of renewable capacity

State Secretary at the Ministry of Mining and Energy, Sonja Vlahovic, announced that the Kostolac wind farm is on schedule to begin trial operations by the end of the year. All 20 turbines at EPS’ first wind project have now been installed. Once fully operational, the wind farm is expected to generate around 187 million

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Serbia: NIS seeks another OFAC license extension amid US sanctions risks

Serbian oil company NIS has formally requested another extension of its operating authorization from the US Treasury’s Office of Foreign Assets Control (OFAC), as the current one-month waiver is set to expire on 27 August. The company has already received five consecutive renewals, each allowing it to continue daily operations while US authorities assess the

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Region: Serbia nears long-term gas deal with Russia, advances oil pipeline project with Hungary

Serbia is nearing the completion of a new long-term natural gas supply agreement with Russian company Gazprom, with only a few details remaining to be finalized. Energy Minister Dubravka Djedovic highlighted that Russian gas played a crucial role in ensuring uninterrupted deliveries to households and industry during the peak of the energy crisis. She emphasized

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Serbia: CWP Europe commissions 6 MW rooftop solar system at Henkel facility

CWP Europe has completed and commissioned a 6 MW rooftop solar installation at Henkel Serbia’s Krusevac facility. The project, developed in partnership with Resalta and financed by UniCredit Bank, was delivered under an ESCO model, with CWP Europe serving as the principal investor. The system is now fully operational and is expected to generate approximately

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Serbia: Pozega fuel depot to expand with two new tanks for the first time since 1999 reconstruction

For the first time since its reconstruction following the 1999 NATO bombing, the fuel storage site near Pozega is set to add two new tanks, each with a capacity of 2,500 cubic meters. The expansion is included in an Urban Development Project currently on public display by the Municipality of Pozega. The Pozega depot originally

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IMF urges Serbia to adopt annual electricity price adjustments to stabilize energy sector

The International Monetary Fund (IMF) resident representative in Serbia, Lev Ratnovski, stated that electricity prices should be adjusted annually based on inflation and underlying energy-sector costs. Implementing an annual pricing formula would help avoid sudden, large increases, provide consumers with greater predictability, and support suppliers in maintaining reliable, high-quality service for households and businesses. During

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Serbia: EPS reports €234 million H1 2025 profit as coal, hydropower and renewables drive performance

The company reported continued progress in both production and financial performance, highlighting strong results in its mining division. Coal output exceeded the planned target by 8 percent and was 7 percent higher than in the same period of 2024. To maintain this momentum, EPS is advancing mechanization works at the new Kolubara pit Radljevo, enabling

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Serbia discusses financing and next steps for Bistrica pumped-storage hydropower project with JICA

Financing for the Bistrica pumped-storage hydropower plant was the main topic during a meeting between Serbia’s Energy and Mining Minister Dubravka Djedovic and a delegation from the Japan International Cooperation Agency (JICA). The discussion took place during JICA’s fourth expert mission to Serbia and reviewed preliminary project valuations prepared by the agency’s consultants. Minister Djedovic

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