Support to green energy investors

EPS and “Enlight K2-Wind” signed electricity purchase and balance responsibility contracts

The Joint Stock Company Elektroprivreda Srbije and the company Enlight K2-Wind signed electricity purchase and balance responsibility contracts during trial and permanent operation from the Pupin wind farm for the entire installed capacity of 95.5 MW. This is the second of a total of nine projects receiving incentives at the first market premiums auctions conducted by the Ministry of Mining and Energy.

- The electricity purchase contract with the Pupin wind farm was signed for 15 years, confirming that EPS is a reliable and desirable partner for green energy investors - Dušan Živković, acting general director of EPS said. - It is important that once the wind farm has been completed, EPS will take over the entire generated electricity, with the purchase and balancing price determined by market principles, allowing EPS to make additional profit and to provide additional security for our citizens.

Živković emphasized that Elektroprivreda Srbije is committed to RES power plant investments, as well as to strengthen its generation portfolio and market position in this way.

A set of contracts to finalise the Pupin wind farm construction was also signed, while the signing was attended by the Minister of Mining and Energy, Ms. Dubravka Đedović Handanović.

- The auctions helped us achieve two important goals along the path of our energy transition, namely to have new RES capacities and to have the energy generated at sustainable prices - Đedović Handanović said. - All the energy from the Pupin wind farm will be used for Serbia’s power system to supply some 40,000 households. The plan is to have a total of 1,300 new megawatts of capacity as part of the premium system in three years. In the course of this year, we expect to launch new auctions and we hope that it will be a capacity of 400 megawatts for both solar and wind power plants. We expect EPS to get its first wind farm at the beginning of next year.

The minister emphasized that negotiations are underway for 1 GW of self-balanced solar power plants with the consortium led by Hyundai Engineering, which will be owned by the state once the construction has been completed. According to her, the investment priority and the most important energy project is the pumped-storage hydropower plant Bistrica, which will enable easier grid integration of green energy.