Serbian power utility EPS to seek external financing from banks, says Obradovic EPS CEO27. February 2013. / News Serbia Energy
We don’t ask for government loan guarantee. Banks see EPS as a stable partner, because it is the dominant producer and distributor of electricity. However, like all financial institutions, the banks insist on transparency. The biggest scandal is the fact that the previous management, but the previous government as well, was constantly misleading the public as regards the actual state of affairs in this company. The problem with cash flow dates back to 2008, when the gap accounted to RSD 6 billion.
In an latest interview Aleksandar Obradovic, EPS CEO, speaks about financial and other problems in the company and explains the plans for stabilization and development. Complete interview can be accessed here LINK
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