Transforming EPS as a Sustainable Decarbonization Solution

4/15/2025
Directors of Regional Power Companies Attended the Expert Conference Energy, Projects, Security


The path taken by the Elektroprivreda Srbije is one that will ensure long-term energy stability, peace, and sovereignty. The decarbonisation process of EPS is already underway, as evidenced by our investment projects such as our first wind farm and solar power plant Petka in Kostolac. Petka will be operational by the end of May, and the final 20th wind turbine of the wind farm has recently been installed. This will add 76 megawatts of green energy to EPS's portfolio in Kostolac, stated Dušan Živković at the expert conference Energy, Projects, Security in Zlatibor, as part of the 40th International Conference 2025 Energy Sector

He highlighted that the decarbonisation process is already progressing, with 550 megawatts from wind, 150 megawatts from solar, 100 megawatts from prosumers, and 100 megawatts from CHP Pančevo. Živković also emphasised the importance of waking up the sleeping giant i.e., energy efficiency, from which, alongside renewable energy sources, we should maximise our gains for future energy security.

"We are witnessing that, during the transition process, energy companies will face the necessary transformation and adaptation to market circumstances. Together, we are seeking ways to move forward; we need to be more proactive and recognise that we are part of the solution," said Živković. "We should also envision our future through maximum diversification of production, resources, and solutions in the financial market for the implementation of projects. We have moved beyond traditional methods and models and are committed to working on a PSHPP Bistrica with the Japan International Cooperation Agency, as well as a major 1 GW solar project with Korean partners."

At the panel Green Energy and Energy Transition: Challenges and Goals 2030/2050, Luka Petrović, General Manager of the Mixed Holding Power Utility of Republic of Srpska, stated that the power industries of Serbia, Montenegro, and the Republic of Srpska must collectively embark on the decarbonisation process.

"First and foremost, we need to determine how all this will be financed, as the European grants have been exhausted. Therefore, we must rely on our own sources of financing" Petrović emphasised.

Decarbonisation requires strategic decisions, which are made by courageous individuals, stated Sanel Buljubašić, General Manager of the Electric Power Industry of Bosnia and Herzegovina. He also emphasised that a just transition cannot be achieved solely by electric power companies but must be supported by states through their own funding.

"If the legal framework designates you as a public supplier, and the government stipulates that you cannot increase the price of electricity, then how can the transition be implemented, and from what funds?" Buljubašić queried.

"The challenge that affects us all is decarbonisation, which also presents opportunities for investment. The realisation of 54 MW from wind is currently underway, and we are preparing an invitation for battery systems. The Electric Power Industry of Montenegro will have an additional 200 MW of renewable energy by the end of the year," said Jovan Kasalica, Executive Manager of Supply Unit in EPCG.

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