spot_img
Supported byspot_img

EPS transferring 11 hydroelectric power plants to a joint venture with the Hungarians?

“EPS AD, a capital company owned by the state, is illegally denying the public important information about its work and the possible disposal of assets of great value,” the Transparency Serbia organization announced today.

According to them, Transparency Serbia, since May 26th, 2023, has been trying to verify with the Elektroprivreda Srbije the allegations presented in the media, according to which EPS was considering a proposal for the formation of a joint company with MVM Group from Hungary on the formation of a joint company to which it would be transferred 11 hydroelectric power plants.

It was only after the fourth appeal that we received a reply that these data were unavailable, because providing the information “would make it difficult to achieve justified economic interests between the two countries” and that the requested documents were business secrets “because they were marked as such by the author of the document”.

Supported by

At first glance, it is clear that EPS AD’s decision is illegal, because the request was rejected on all ten points, although no business correspondence between EPS and the Hungarian company, nor trade secrets of that company, were requested at all.

Thus, EPS treats the following as a “business secret”: whether it has the proposal and the adopted agenda of the meetings of the supervisory boards held in 2023, whether the Hungarian company’s proposal was an item on the agenda at the meetings; whether there are minutes from the meetings of the supervisory board; whether the offer was decided at the sessions; which EPS service or external consultants analyzed the submitted offer and prepared “Information” about it for the Supervisory Board; on what date EPS received the offer; with which state bodies did EPS consult or obtain opinions in connection with this offer and the like”, stated in the statement of TS.

Supported by

Sign up for business updates & specials.

Suppported byOwner's Engineer

Serbia secures additional funding for Innovation and Entrepreneurship Support Project

The Minister of Science, Technological Development and Innovation, Jelena Begović, announced in the Serbian Parliament that additional funding will be provided for the Innovation...

EPS Director discusses Serbia’s renewable energy growth and future focus on hydrogen, biomass and geothermal energy

At the Kopaonik Business Forum, Dušan Živković, the General Director of Elektroprivreda Srbije (EPS), shared that Serbia currently has around 1,000 megawatts of electricity...

Newly built Block B3 at Kostolac thermal power plant faces planned shutdown for maintenance

The newly constructed Block B3 at the Kostolac thermal power plant, which was officially handed over to the Electric Power Company of Serbia (EPS)...
Supported byspot_img
Supported byspot_img
Supported byspot_img
error: Content is protected !!