EPS: We have contracts with green power plants with a capacity of 750 MW; second round of RES auctions to be held soon

The construction of the Bistrica reversible hydroelectric power plant, a one-gigawatt solar power plant, as well as the Petka solar power plant and the Kostolac wind power plant, are important development projects of the PE Elektroprivreda Srbije (EPS) during the energy transition. These investments are accompanied by desulphurization projects on thermoblocks, which will have to stay online until the production goals are met, said David Zarkovic, executive director for the power portfolio of EPS, at the panel on accelerating the road map of the region's power industry, during the Belgrade Energy Forum.

He explained that the renovation of the remaining hydropower plants is under wraps, whereas the Upper Drina project is being developed with PE Elektroprivreda Republike Srpske, EPS announced.

Zarkovic emphasized that EPS is considering the possibilities of battery energy storage and hydrogen use. In order to reach zero emissions by 2050, balancing capacities are required. The executive director for the power portfolio stated that in August of last year, Serbia conducted successful auctions for renewable energy sources and that the second round of these auctions is currently being prepared.

- Thanks to those auctions, contracts for 750 megawatts were signed, or are in the last phase of signing. Together with power plants that have feed-in tariffs, this will enable the production of 4.5 terawatt-hours of electricity - Zarkovic pointed out.

He said that EPS is finalizing a transformation plan that will ensure a higher level of corporate governance, along with the professionalization of management.

Elektroprivreda Srbije ad Beograd

MH ERS MP a.d. Trebinje

Elektroprivreda Srbije

EPS

Elektroprivreda Republike Srpske

Petka solar power plant

WPP Kostolac

David Žarković

RES auctions

second round of RES auctions

WPP Bistrica

Upper Drina