EPS is undergoing organizational and business changes that may seem slow to many, but energy sector transformations are long-term processes. New projects are bringing fresh strength and energy. After adding 350 megawatts from the Kostolac B3 block, Elektroprivreda Srbije (EPS) will increase its capacity by another 76 megawatts of green energy in 2025. By the end of the year, the first EPS wind farm in Kostolac, with a capacity of 66 megawatts, will be completed, along with the Petka solar power plant of 10 megawatts. These facilities are being built on exhausted landfill sites, efficiently utilizing all resources.
EPS is focusing on developing new renewable energy projects in solar and wind power, increasing hydropower capacity, and exploring hydrogen and nuclear energy technologies. The main goal is to ensure energy stability. A strategic project for EPS is the reversible hydroelectric plant Bistrica, expected to be the first of its kind in Serbia in over 40 years, with a capacity of about 650 MW. This project is crucial for the stability and reliability of the energy system, energy storage, and balancing, especially with the growing share of renewables. Preparations for infrastructure tenders are underway, supported by cooperation with the Japanese International Cooperation Agency for financing.
One of the largest ongoing projects is the construction of 1 GW of solar power plants with a strategic partner, which will also include 200 MW of battery storage.
Renewable energy sources are contributing significantly to the energy transition. Over the past three years, EPS signed more than 5,000 contracts with prosumer customers, with installed capacity exceeding 94 MW. EPS supports green energy development and aims to meet Serbia’s renewable energy targets.
To replace approximately 4,000 MW of coal capacity sustainably, energy storage and balancing solutions like the Bistrica project are essential. The new Energy Law removed the ban on nuclear power plants, and nuclear energy is included in one of the scenarios of Serbia’s Integrated National Energy and Climate Plan as part of the future energy mix.
EPS recognizes challenges such as diversifying project financing and finding new partners. It has partnered with a South Korean company for the 1 GW solar project and cooperates with Japan on the Bistrica hydro project. To meet technical and workforce demands, EPS recently hired 20 young engineers and plans to recruit 20 more specialists to strengthen its team.
The transformation of EPS is supported by the state and guided by a Transformation Plan aiming to make EPS comparable to leading European energy companies, which serve as pillars of state stability. Although progress may seem slow, energy sector changes require long-term efforts akin to running a marathon. The ultimate goal is EPS’s success, profitability, and well-organized operation.
