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 »
Turkish renewable energy company Fortis Energy has announced plans to construct a 110 MW solar power plant near the town of Sid in northwestern Serbia. The Erdevik solar project will also feature a 31.2 MWh energy storage system, enhancing grid stability and energy reliability. The project reached a key milestone in January 2025, receiving approval
Serbia: Fortis Energy to build 110 MW solar power plant with storage Read More »
State-owned power utility EPS has announced a delay in completing the draft environmental impact assessment (EIA) study for the Bistrica pump-storage hydropower plant project, citing recent changes in legislation as the primary reason. The study is being developed in line with Serbia’s Law on Environmental Impact Assessment and based on guidelines issued by the Ministry
Belgrade is making strides toward adopting geothermal energy, following a collaboration between public utility Beogradske Toplane and the Faculty of Mining and Geology. Recent exploratory work has confirmed the promising potential for geothermal energy at several sites across the city, including Borča, the Danube area, and Batajnica. Batajnica has emerged as a key focus, with
Elektroprivreda Srbije (EPS) has successfully completed the installation of the 20th and final wind turbine at its first-ever wind farm in Kostolac, finalizing a renewable energy project with a total capacity of 66 MW. In parallel, all solar panels have been installed at the nearby Petka solar power plant, which is scheduled to be connected
Serbia: EPS completes wind and solar installations as part of green energy push Read More »
The Serbian Government has approved the creation of a new state-owned company, SPV Banatski Dvor, based in Novi Sad, to manage the expansion of the country’s only underground gas storage facility in Banatski Dvor. The expansion project, which is already in progress, aims to double the storage capacity to enhance Serbia’s energy security, addressing rising
Serbia establishes SPV Banatski Dvor to oversee strategic gas storage expansion Read More »
Serbian oil company NIS is grappling with mounting challenges in securing crude oil from international suppliers, while facing a loss of domestic customers who are turning to alternative sources for fuel. The difficulties come as the company deals with growing pressure from forthcoming US sanctions. NIS plays a vital role in Serbia’s fuel market, supplying
Serbia: NIS faces supply struggles amid US sanctions pressure Read More »
Serbia has officially launched the long-awaited expansion of its only gas storage facility in Banatski Dvor, a critical project aimed at addressing the rising industrial demand for gas and the growing number of households joining the gas network. The expansion will double the current storage capacity, adding 12 new boreholes. Equipment procurement is already secured,
