Investments of around EUR 14.4 billion planned for Serbian energy sector from 2028 to 2035 – Almost half of that money earmarked for new electricity generation capacities

Investments of around EUR 14.4 billion are planned for the Serbian energy sector from 2028 to 2035, said Assistant Minister of Mining and Energy Rados Popadic.

The largest investments, around EUR 6.5 billion, relate to new electricity generation capacities.

Around EUR 2.4 billion is planned for the transmission and distribution system, and around EUR 1.2 billion for gas interconnections, internal main and regional gas pipelines and oil pipelines, Popadic said at the opening of the conference “Energy Resilience of Companies: From Market Risks to Concrete Solutions”, organized by the American Chamber of Commerce in Serbia.

He emphasized that, in the next two years, the priorities were the start of the construction of the Bistrica Reversible Hydropower Plant, a gas power plant near Nis, gas interconnections to North Macedonia and Romania, the completion of the expansion of the Banatski Dvor storage facility, as well as the completion of the Trans-Balkan Corridor, AmCham Serbia announced.

He said that Serbia had paid special attention to launching a nuclear energy program, which should ensure a safe and stable supply in the context of a gradual exit from fossil fuels in the decades ahead.

– In addition to renewable energy, we also need clean baseload energy for development. At a time when nuclear energy in Europe and the world is going through a kind of renaissance, we do not want Serbia to remain just an observer, but an active participant – he concluded.

Ministarstvo rudarstva i energetike Republike Srbije

Ministry of Mining and Energy

Radoš Popadić

construction of Reversible Hydro Power Plant Bistrica

construction of gas power plant near Niš

construction of gas interconnections toward North Macedonia and Romania

completion of expansion of storage in Banatski Dvor

completion of the Trans Balkan Corridor

investments in Serbian energy sector

development of nuclear energy program in Serbia