Electric Power Industry of Serbia is vertically organized enterprise that has founder’s rights in 13 subsidiaries and three public enterprises at Kosovo and Metohija. As of June 1999 EPS has not been operating its capacities at Kosovo and Metohija.
On the basis of founding PE EPS has shares in subsidiaries:
- Company for cogeneration of thermoelectric power and heating energy Energija Novi Sad JSC Novi Sad,founded with Novi Sad City, in the amount of 50 percent of shares in Company’s equity;
- Company Ibarske hidroelektrane Kraljevo, founded with Seci Energia S.p.A, Italy, with 49 percent of shares in Company’s equity;
- Company Moravske hidroelektrane Beograd, founded with RWE Innogy, Germany, with 49 percent of shares in Company’s equity.
100 percent owned by the Republic of Serbia.
Bodies of the company ( in accordance with the law and Decision on Harmonization of Business Operation of Public Enterprise for Generation, Distribution and Trading of Electricity with the Law on Public Enterprises):
Supervisory Board, Executive Board and Director.
Supervisory Board and Director are appointed by the Government of RS and Executive Board that is comprised of Executive Directors is appointed by the Supervisory Board at the proposal of the Director who holds the position of President of the Executive Board.
Prevailing activity of PE EPS is electricity supply whereas electricity generation, electricity distribution and distribution system management, production, processing and transport of coal, generation of steam and hot water in combined processes are performed in subsidiaries founded by PE EPS for performing of the stated activities.
Electric Power Industry of Serbia mission is secure electricity supply to all customers, under the most favourable market conditions, with continuous upgrading of the services, improvement of environmental protection and welfare of the community.
Electric Power Industry of Serbia vision is socially responsible, market-oriented and profitable company, competitive on the European market with a major impact in the region, recognized as
a reliable partner among the local and international companies.