Minister of Mining and Energy, Dubravka Đedović Handanović, announced during a visit to the Dispatch and Trading Center of the Electric Power Company of Serbia (EPS) that the company has been successfully exporting electricity for nearly two months, despite limited media coverage.
“Throughout the summer, we faced numerous challenges, including record consumption due to drought and essential overhauls in Obrenovac and Kostolac. However, we successfully overcame these hurdles, and EPS achieved a profit of nearly 30 billion dinars in the first nine months, which is 30% more than planned. In October alone, we recorded a profit of 7.5 million euros from electricity trading,” stated Đedović Handanović.
The minister highlighted the importance of young professionals within EPS, including many women, who contribute to strengthening Serbia’s energy sector.
“The Serbian government aims to reinforce EPS with new production capacities. Testing and documentation for the acquisition of the new B3 block in Kostolac are in the final stages. This capacity is the first built in over 30 years,” she added.
Đedović Handanović also announced that the first EPS wind farm and a smaller solar power plant are set to be completed next year. Plans include the construction of 1 GW of solar energy with 200 MW of battery storage at six locations, which will further support the ongoing decarbonization efforts. She emphasized that EPS is strengthening its portfolio by purchasing energy under favorable conditions from other renewable energy producers, ensuring energy security for citizens and the economy in the future.
Dušan Živković, CEO of EPS, emphasized the role of the modern dispatch center in optimizing the operation of the power system and managing the electricity trading portfolio.
“EPS is prepared for winter, ensuring reliable supply. We currently have over 2.4 million tons of coal in storage, the hydrological situation is stable, and reservoirs are at 95% of their maximum capacity,” said Živković.
