serbia

Serbia: NIS proposes €39.2 million dividend payout from 2024 profit

The Board of Directors of Serbian oil company NIS has submitted a proposal to the shareholders’ assembly detailing the allocation of its 2024 profit. In line with long-standing company policy, NIS intends to distribute 25% of its annual profit to shareholders as dividends—a tradition maintained consistently, except during the pandemic. According to the board’s proposal, […]

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French firm Akuo Energy signs power purchase agreement for Serbia’s largest wind farm, Bela Anta 2

French renewable energy company Akuo Energy has finalized a power purchase agreement (PPA) with Serbia’s state-owned utility EPS for the Bela Anta 2 wind farm. The agreement covers the full 80 MW capacity of the project and includes responsibilities for network balancing. Bela Anta 2 is developed by Matrix Power, a wholly owned subsidiary of

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Serbia and Russia to resume gas contract talks as current agreement nears expiry

Dušan Bajatović, General Director of Srbijagas, announced that negotiations with Russia over a new gas supply agreement will resume next week. With the current arrangement set to expire on 31 May, discussions are focused primarily on determining the duration of the new contract. According to Bajatović, preliminary talks took place during President Aleksandar Vučić’s recent

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Serbia launches tender for consultancy services on €31.9 million biomass market development project

The Serbian Ministry of Mining and Energy has issued a public call for expressions of interest in providing consultancy services for a major initiative aimed at developing the biomass market in the country. The project, valued at €31.9 million, seeks to modernize and expand district heating systems using renewable energy sources, particularly biomass, in selected

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Serbia: Rosatom offers comprehensive nuclear power solutions to boost energy independence

Rosatom has announced its readiness to offer Serbia a range of nuclear power plant projects, including both small and large capacity options, according to Marija Deuric, director of the Russian state corporation’s office in Serbia. Speaking at the international scientific forum Energy Transition of the Western Balkans held in Belgrade, Deuric explained that Rosatom is

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Serbia: Pumped-storage hydropower plant Bistrica progresses as strategic energy project

Representatives from Serbia’s state-owned power utility EPS, local authorities, and non-governmental organizations held a presentation in Nova Varoš to discuss the construction of the Bistrica pumped-storage hydropower plant. Aleksandar Jakovljević, Executive Director for Investments and Development at EPS, underlined the importance of the Bistrica project, calling it the most significant ongoing energy initiative in Serbia.

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Serbia urged to accelerate energy sector reforms and cut emissions from thermal power plants

Artur Lorkowski, Director of the Energy Community Secretariat, has expressed concern over the continued high levels of sulfur and dust emissions from Serbian thermal power plants. According to Lorkowski, these emissions remain inconsistent with the Energy Community’s environmental standards adopted in 2018, and he underscored the urgent need to replace outdated infrastructure with cleaner, decarbonized

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Region: Construction of Trans-Balkan Corridor’s third section to begin in mid-2025

Construction of the third section of the first phase of the Trans-Balkan Corridor is scheduled to begin in mid-2025. This phase will include building a segment of the route and transmission lines connecting Bajina Bašta, the Montenegrin border, and the Bosnian border. Serbia’s Minister of Mining and Energy, Dubravka Djedović, announced this during a meeting

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Serbia explores nuclear energy as key component of long-term energy strategy

Serbia is actively considering nuclear energy as part of its future energy mix. Mining and Energy Minister Dubravka Djedovic revealed that a preliminary study is currently underway to guide the next steps. This study is not a final decision but aims to create a roadmap, evaluate available nuclear technologies, and explore how nuclear power could

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Serbia: Solarina signs agreements with EPS for 150 MW solar power plant

Solarina, a local company owned by CWP Europe, has signed agreements with Serbia’s state-owned power utility, EPS, concerning the purchase of electricity, the transfer of balancing responsibility, and a market premium contract. These agreements stem from a recent renewable energy auction organized by the Serbian Government. As part of the auction, Solarina secured the right

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