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EPS CEO announces new investments - EUR 1.2 billion in renewable energy sources

Source: Beta

Wednesday, 04.03.2026.

12:58

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EPS invests in renewable energy (Photo: eKapija)

Good business results and realized profits in the previous three years are an indicator of the path that Elektroprivreda Srbije (EPS) is taking, which is the path of intensive investments, diversification of the production portfolio and readiness for the introduction of new technologies, the CEO of this company, Dusan Zivkovic, said at the Kopaonik Business Forum.

EPS's plan, as he said, is to invest approximately EUR 1.2 billion in new production capacities from renewable energy sources, within the next three years.

- Good financial results and the reduction of the company's debt by a third created the conditions for new investments, without a great burden for the company - said Zivkovic, at the panel "Energy 4.0: Transformation of the system for a sustainable economy".

He added that there are plans for new projects, primarily the reversible HPP "Bistrica" and 1 GW of solar energy, but "there is also a gas power plant in Nis, which should not only contribute to the strengthening of base energy within the EPS, but will also contribute to the diversification of sources".

- In the light of global uncertainties, this is of great importance. Recently, we officially started the revitalization project of "Vlasinski HPP", and I am proud of the fact that after 43 years since the start of work, we have successfully completely renovated our only reversible HPP "Bajina Basta" - said Zivkovic.

Dusan Zivkovic is proud of the revitalization of hydropower plants (Photo: Danilo Mijatović)

He reiterated that EPS, thanks to the completed projects in Kostolac, the new block of thermal power plant, solar power plant and the first wind farm, today has an additional 426 MW on the grid, out of which 350 is base energy.

- We need to have more courage and determination, as our ancestors had, to build capital production capacities. I will emphasize that the countries that use nuclear energy as their base energy are actually the most technologically and industrially developed countries - Zivkovic concluded.

Companies:

Elektroprivreda Srbije ad Beograd

Tags:

Elektroprivreda Srbije (EPS)

EPS

Kopaonik Business Forum

Bistrica Hydropower Plant

Vlasina Hydropower Plants

Bajina Basta Hydropower Plant

Dusan Zivkovic

energy

renewable energy sources

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