Serbia Energy Weekly news digest 2/2014

Published on 17. January 2014., News Serbia Energy

Serbia: TPP TENT records positive financial result in 2013, electricity production as planed

Thermal Power Plants Nikola Tesla will achieve 99.7% electricity generation plan in 2013, and most likely this fiscal year will round up with a positive financial result, unlike in 2012, when it was in the minus.

Serbia: GazpromNeft Oil company NIS invested half a billion € in 2013

Serbian Oil Industry (NIS) has implemented an investment program worth more than half a billion EUR in 2013, says NIS CEO Kirill Kravchenko.

Serbia: Second public call for construction of small HPPs, 57MW awaits its new investors

Ministry of Energy, Development and Environmental Protection announced last week the second call for the allocation of 143 locations for the construction of small hydro power plants in the 20 local governments in Serbia.

Serbia: A new phase of liberalization of the electricity market in Serbia, EPS expects the majority of market share, the report

A new phase of liberalization of the electricity market started on 1.1.2014, for about 3,200 customers in the medium voltage, which will, as expected, bring a little bigger prices but also more secure energy supply.

Serbia: Energy minister announces energy investments without dams, PPP models

Two major investments are under construction, Bistrica hydro power plant and thermal power plant Stavalj. There are no more state guarantees for energy investments, so Ministry of Energy stands for concessions and public-private partnerships.

Serbia:Kirill Kravchenko, NIS j.s.c. CEO interview for weekly NIN

2013 was a good year for NIS j.s.c. Novi Sad; however, it was harder than the previous one due to the macroeconomic situation, increase of taxes, excise duties and some other factors. Nevertheless, despite all this, NIS has made progress.

Serbia: EPS has no real competition in Serbia, Alternative suppliers still very passive, the price of electricity is not competitive

Serbian electricity market is increasingly open to competition. From 1. January started the second phase of liberalization and, in addition to large factories, also all public companies and institutions need to choose their supplier. Most consumers choose EPS.

Serbia: Energy Agency to control market participants, penalties for poor electricity and gas

The Energy Agency has adopted rules on the monitoring of technical and commercial parameters and quality regulation of electricity and gas supply. This will enable the establishment of quality standards for the delivery of these fuels and penalties

Serbia: Companies consumers are not ready for the electricity market liberalization

There are about 3.200 companies that have lost the right to supply electricity at a regulated price so they need to choose electricity suppliers. Problem is, that most economists meet completely unprepared that market liberalization that has been announced for a long time.

Serbia:Green for Growth Fund signs EUR 5 million senior loan for energy efficiency in Serbia

The Green for Growth Fund, Southeast Europe (GGF) signed a senior loan facility of EUR 5 million with Intesa Leasing Belgrade (ILB) in Serbia to provide energy efficiency (EE) financing for a wide range of business and agricultural clients across the country.