Serbia: Power utility company EPS marks record production and export of electricity in 2013

9. January 2014. / News Serbia Energy

Electric Power Industry of Serbia (EPS) improved its financial results for about 200 MEUR compared to planned loss in 2013, and achieved record production and export of electricity, said the Acting Director of EPS Aleksandar Obradovic.

EPS exported electricity worth about 130 MEUR this year, and record production was achieved in hydro and thermal power sector, as well as in coal production, said Obradovic to reporters, summarizing the results of the company this year.

He announced that EPS is ready for a new phase of market liberalization, which enters into force from the beginning of 2014, adding that he expects EPS to retain a dominant position in the medium voltage, as it did at high voltage, where it kept 97 percent of the market.

EPS managed to regain the only consumer at MV which was previously lost at high voltage – the company Messer, Obradovic said, adding that EPS has already entered into agreements with the largest customers at medium voltage, including the NIS.

Obradovic said that the Ministry will introduce a new bill for electricity this weekend, which will be printed on both sides, and bill should be clearer since January. Answering the question whether the EPS would share the loan to employees at the end of this year, he said that the management of the company will do nothing without the signature of the competent minister, adding that all employees are returning last year’s loan regularly.

EPS is ready for the winter season, although it is not enough invested in the maintenance of the system during all the previous years, the minister stated.

Source; Serbia Energy

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