Serbia, Country signed confidential advisory agreement with Rystad Energy

, News Serbia Energy

According to Serbian media, Minister of Finance Sinisa Mali, with the approval of the Prime Minister Ana Brnabic, has signed the confidential agreement with Norwegian company Rystad Energy on advisory services.

The agreement allegedly stipulates that Rystad Energy should define the problems in Serbian energy sector and propose three possible scenarios: a quick transition (strong investments in new energy technologies), a slow transition (a higher reliance on the existing energy, lower investments in new energy technologies) and the third option – the use of nuclear technology.

Reportedly, the value of the agreement is 1.55 million dollars and it entails potential talks about the inflow of private capital in state-owned power utility EPS and its transformation from a public company into a joint-stock company.

However, the representatives from the Ministry of Mining and Energy said that the Ministry had not been consulted regarding the signing of this agreement, adding that it did not propose this agreement, nor did it provide funds for its conclusion.