The Jasikovo wind farm, owned by Nikola Petrović, and the Mona Green Energy 2 solar power plant, where Uroš Momirović, the brother of former minister Tomislav Momirović, holds nearly 100% ownership, will produce and sell electricity to the state, specifically Elektroprivreda Srbije (EPS), for the next 15 years, as reported by weekly magazine Radar.
Of the 41 companies that applied, these two were among the top 10 ranked in the Ministry of Mining and Energy’s auction for market premiums. Businessman and close associate of Serbia’s president, Nikola Petrović, will produce electricity at the future Jasikovo wind farm, where he holds a 50% stake along with his business partner Ivan Pantelić.
Their project is the fifth best-ranked in the Ministry of Energy’s auction for wind power market premiums, ensuring a stable income for their company over the next 15 years.
Two years ago, in March 2023, Petrović became a co-owner of Jasikovo, a wind farm spread across 70 plots near Majdanpek and Žagubica. He received location conditions for its construction in March 2024, with plans to complete it by 2027. Former director of Elektromreža Srbije, Petrović has also ventured into wind power generation with the company Crni Vrh Power, which successfully passed the Ministry of Energy auction in June 2023, although Petrović no longer holds ownership in it.
The Mona Green Energy 2 solar plant, founded in January of last year, also passed the auction for market premiums. The majority owner, holding 99.24% of shares, is Uroš Momirović, the brother of the former minister. Uroš Momirović had invested €3.7 million in the company, with a symbolic minority share of 0.76% held by Danijel Dragnić, who contributed land ownership in Kučevo, where the solar power plant is being built. Construction began in May, with plans to complete the project by the end of 2024.
When asked about the ranking of the winners, the Ministry of Energy explained to Radar that the process is fully digitalized and transparent, managed through software where applications are submitted. “There are two criteria for scoring: the financial bid for the price of electricity and the capacity the investor has offered to supply the guaranteed supplier and end customers. Participants are ranked based on the total score,” the Ministry stated in its response.
They added that the prices achieved in these auctions are significantly lower than the current market price.
The auctions were conducted with the support and oversight of the European Bank for Reconstruction and Development (EBRD), in line with EU regulations and modeled after auctions in European countries.
Apart from the companies linked to Petrović and Momirović, 39 other companies participated in the auction. Among those eligible for market premiums for wind energy are Crni Vrh Power, the French company Matrix Power, and two Chinese companies, Windvision Windfarms A and B. For solar energy, companies such as Vemi Biogas, Kobra Global, Solarina, and Brankov Solar were also successful. Officially, the price for electricity from solar plants will be €50.9 per megawatt-hour, while electricity from wind farms will be priced at €53.5 per megawatt-hour.
