Serbia: TSO Co EMS to continue regional business expansion

, News Serbia Energy

Serbian Prime Minister Aleksandar Vucic announced in Belgrade that Serbia wants to expand the power sector and be present in other countries of the region, and not to privatize this public resource.

He praised the fact that at the end of December last year, the Public Enterprise “Elektromreza Srbije” (EMS) has acquired in the market somewhat over 10 percent of shares in Montenegro’s power transmission company “Elektroprenos Crne Gore”, stressing that Serbia will also buy shares of  other companies from the region if they appear in the market.

“If the shares appear in the market, we will buy them,” said Vucic, adding that due to positive economic indicators there would be enough money for it in the state.

With reference to media allegations regarding privatization of Electric Power Industry of Serbia, he announced that Serbia wants to continue expansion in the entire power sector. “In the field of power industry Serbia wants to expand, and to have its own power,” said Vucic.

According to him, the Government of Serbia led by him did not sell nor privatize anything so far, but has been constantly criticized by those who “sold everything out”.

Vucic negatively appraised such criticism, but also mentioned that he wished “something had been privatized”.

The Prime Minister had previously attended the signing of an agreement between EMS and the Ministry of Health regarding the grant of RSD 5 million (40.5 thousand euros) for the treatment of sick children abroad.