Serbia, Investments of 500 million euros in modernization of low-voltage network

, News Serbia Energy

Serbian Minister of Mining and Energy Zorana Mihajlovic said that investments in the low-voltage network are necessary in order to increase the reliability of the supply of electricity in the territory of the whole Serbia.

During her visit to the distribution-dispatch center of electricity distribution system operator Elektrodistribucija Srbije (EDS) in Belgrade,
Minister Mihajlovic pointed out that it is very important to invest in the distribution system in the next years in order to secure reliable supply in the territory of the whole country.

The Government plans to invest more than half a billion euros in this area in the next several years. She said that funding was never the problem, however, the implementation of investment projects is much easier now when EDS is an independent company, separated from power utility EPS.

She reminded that the losses on the network cost close to 200 million euros annually and that a modernization of the distribution system is necessary to significantly reduce these losses.