EPS - Successful outcomes and new projects in 2026

12/31/2025
Three-Year Business Plan Adopted

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In 2026, the Joint Stock Company Elektroprivreda Srbije (EPS JSC) will continue with stable and successful operations – according to the 2026-2028 Three-Year Business Plan, adopted by the EPS JSC Assembly.

- For three years in a row, EPS has achieved good results both in terms of production and finance, and according to the adopted Three-Year Business Plan, such a trend will continue in 2026. The Business Plan for 2025 was optimal, as there was no need for rebalancing, and it is also praiseworthy that EPS did not take any liquidity loan this year. The crucial is that, despite the challenges in the energy market, EPS has good results in the production of coal and electricity and there is a clear growth trend from year to year. Compared to 2024, coal production increased by two million tons. The Kostolac mine, Drmno, has historical results because more than 10 million tons of coal were produced, which has been a record and the highest since this mine started its operation. Let me remind you that in the mining sector, we have initiated considerable investments in the construction of new mining systems that will provide new quantities of coal in the future - said Dubravka Đedović Handanović, Minister of Mining and Energy and representative of the Founder in the EPS JSC Assembly.

 

The Minister said that the generation of electricity is stable. Following the construction of Unit B3 and new 350 megawatts, in 2025 the construction of the first wind farm and solar power plant Petka in Kostolac was completed and EPS is stronger by 76 megawatts, being the green ones. In just two years, the EPS generation portfolio is more powerful by 426 MW.

 

She emphasized that it is significant that the construction of the desulphurization plant in TENT B has also been completed, which will enable the reduction of sulphur dioxide emissions by 20 to 40 times. In this way, the thermal sector is provided with operation in accordance with the strict environmental protection standards, both Serbian and the EU. Investments in projects that will reduce emissions and improve environmental conditions will continue in the coming period.

 

 -   Investments this year were also at a high level of as much as 97 percent, considering that due to the scope and complexity of pre-activities, the start of the implementation of the project for construction of solar power plants with a capacity of 1 GW is expected in 2026. The focus of investments of about one billion euros in 2026 is on maintaining and improving the reliability of the power system and mostly on increasing RES in the EPS energy mix. Most of the investments refer to new RES capacities, such as the construction of solar self-balanced power plants with a capacity of 1 GW, the pumped-storage hydro power plant Bistrica, but also the development of more solar power plants on the land owned by EPS - she said. 

She added that the plan for the next year also includes an increase in employee salaries, and the greatest power company will continue the transformation process.

- For the first time, Key Performance Indicators for directors and employees in managerial positions have been introduced in EPS, and in the coming period, the goal is to set these indicators for other management levels - said Đedović Handanović.


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