Serbia plans to lift its moratorium on nuclear energy by the end of the month, Minister of Mining and Energy Dubravka Đedović Handanović confirmed. This move is part of the country’s broader strategy to expand energy capacity and support the development of renewable energy sources, while also addressing rising energy demands from emerging industries like artificial intelligence and data centers.
In addition to nuclear energy, Serbia is exploring the purchase of a 5-10% stake in the new Hungarian nuclear power plant in Paks. Đedović Handanović emphasized that the goal is to secure stable energy supplies, given the growing energy needs of the country. She also highlighted the challenges posed by the ongoing Ukraine conflict, which has led to lower gas reserves in Europe and higher energy prices.
Serbia currently has 500 million cubic meters of gas in storage, meeting its targets, and domestic electricity production continues to cover consumption, despite a 30% decrease in water inflows this year. However, the country is working on strategic projects like the Pan-European Corridor, a new transmission line with Hungary, to enhance electricity trade and reduce price pressures.
Additionally, the construction of an oil pipeline with Hungary is expected to begin next year, further bolstering energy security in the region.
