The Joint Stock Company "Elektroprivreda Srbije" is continuing its fourth consecutive year of successful business. The Assembly of EPS JSC adopted the Report on the Implementation of the Three-Year Business Plan for the first quarter of 2026 during which a profit of RSD 15.1 billion was achieved, which is better than both the plan and the actual results in the same period of the previous year.
Dubravka Đedović Handanović, Minister of Mining and Energy and representative of the founder in the Assembly, pointed out that the first quarter was marked by stable production and lower operating costs, and that it was particularly important that the revitalization of the pumped- storage hydro power plant "Bajina Basta" was completed in that period.
- After more than 40 years, we have completely modernized one of the most important capacities for the security of Serbia's energy system, and in the first quarter, the desulphurization system in TENT B, the largest environmental project in the energy sector in this part of Europe, was completed – said Đedović Handanović.
She added that it is evident that bad weather conditions contributed to coal production being below plan, but that the electricity supply was not threatened at any time. Also, on the other hand, better hydrology has enabled more energy from hydroelectric power plants, which is why thermal units have been reduced, so production from the thermal sector is below the planned values.
The Minister especially emphasized that the key is that the trend of good business from 2025, which was particularly challenging from the aspect of production, was maintained. Hydrological conditions were very unfavorable, and last year was the second year in a row with historically low inflows on the Danube.
- Despite the drought, electricity production was stable, and it is especially significant that in 2025 we increased coal production by as much as seven percent, or two million tons, while at the same time increasing production from thermal capacity. We continued the reforms, we ran business responsibly, there were no liquidity loans, and there were no changes to the plan. With all the measures of efficient business, we have achieved a great result because the loan debt of EPS has been reduced by almost a quarter, i.e. by RSD 43.3 billion– explained the Minister of Mining and Energy.
She pointed out that the efforts made to accelerate investments are yielding results, because both in 2025 and in the first quarter of this year, investments, especially in mining equipment, are at an enviable level.
- Last year, investments reached RSD 52.7 billion, of which RSD 44.97 billion were from own funds. The level of implementation was very good, 97 percent of the plan. This year, in the first quarter, the focus of investments was in the mining sector, as one of the priorities is to ensure the long-term stability of coal production. Investments in new mining equipment in the first quarter reached RSD 4.3 billion, which is 37 percent more than planned – said Đedović Handanović.
