EPS realizes profit of RSD 32.8 billion in year’s first half, minister demanding savings

In the first half of the year, EPS realized a profit of RSD 32.8 billion, which is RSD 9.4 billion more than planned, says the Report on the Realization of the Three-Year Business Plan for the first six months of 2024, which has been adopted by the Assembly of the Joint-Stock Company “Elektroprivreda Srbije”.

The minister of mining and energy and the founder’s representative in the Assembly of JSC EPS, Dubravka Djedovic Handanovic, revealed that, in the six months, trading in the free market, EPS had realized a profit of EUR 23 million. She said that the testing of the new Block B3 in Kostolac was in progress and that EPS should take it over in October.

Commenting on the realized profit, she pointed out that it was very significant that such a financial result had been achieved in a time of a considerable lowering of the prices of electrical energy for commercial buyers, but also that, in the next period, it was necessary to continue reducing the operating costs, with a key acceleration of the investment projects for the improvement of the production of coal and energy, EPS announced.

The share of the production of energy from the water sector and RES in EPS in the first half of the year reached 37.5%, and in this period, the coal reserves and the reserves in accumulations were preserved as well, which, along with the overhauls and modernizations, is a guarantee for a secure and reliable production, EPS says in its press release.

Elektroprivreda Srbije ad Beograd

Ministarstvo rudarstva i energetike Republike Srbije

EPS

Elektroprivreda Srbije

Dubravka Đedović Handanović

energy trade

block B3 in Kostolac

production of coal

EPS Transformation Plan