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EPS expands renewable energy portfolio: Major projects and future strategies discussed at Belgrade Energy Forum

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EPS Executive Director David Žarković highlighted significant development projects undertaken by Elektroprivreda Srbije (EPS) in the energy transition, including the construction of the reversible hydroelectric power plant “Bistrica,” a one-gigawatt solar power plant, as well as the “Petka” solar power plant and “Kostolac” wind power plant.

These investments are crucial steps for EPS, accompanied by desulphurization projects on thermoblocks to align with production goals. Additionally, plans for the revitalization of hydroelectric power plants and the “Gornja Drina” project with Elektroprivreda Republika Srpska are underway.

Žarković emphasized EPS’s exploration of battery energy storage and hydrogen utilization as part of efforts to achieve zero emissions by 2050, underscoring the necessity of balancing capacities. He noted the success of Serbia’s auctions for renewable energy sources in August last year, with contracts for 750 megawatts signed, contributing to the production of 4.5 terawatt-hours of electricity when combined with power plants operating under feed-in tariffs.

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The panel at the Belgrade Energy Forum also featured representatives from Elektroprivreda Crne Gore, Elektrana Severne Macedonia, French EDF, and the European Bank for Reconstruction and Development, discussing strategies to accelerate the region’s power industry roadmap.

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