Necessary Solutions for Energy Sovereignty

10/9/2024
From the conference “Energy Week Western Balkans”



At a time when energy security is imperative, all countries and energy companies are looking for the best solutions that will ensure energy sovereignty, with maximum use of the existing resources, diversification of sources and immediate transition, said Dušan Živković, General Manager of Elektroprivreda Srbije, at the “Energy Week Western Balkans 2024” conference in Budva.

- Since Serbia significantly depends on coal, besides the development of renewable energy sources, we are also thinking about basic energy and it is important to look at the potential of nuclear energy. Another challenge is balancing of RES energy and EPS is focused on development of pumped storage power plant projects, i.e. the pumped storage hydro power plant “Đerdap 3” – said Živković.

He emphasized that by 2026, Elektroprivreda Srbije would have 80 percent of its hydro capacity revitalized, which will ensure 30 years of their reliable operation.

- With UGT Renewables and Hyundai partners, we will develop a project for one gigawatt of solar, which will bring us a significant RES share. In the meantime, we continue to work on the projects of pumped storage hydropower plants, and it is necessary to replace 4,000 megawatts in thermal sector with environmentally friendly sources. The amendments to the energy law implying the abolition of the moratorium on nuclear energy are very good news, because no country should limit its options. At the time of the former Yugoslavia, Serbia had a nuclear program and is surrounded by countries that have nuclear energy – said Živković.

The conference “Energy Week Western Balkans 2024” brings together representatives of the Western Balkans countries and Croatia. They will discuss the green energy sector critical topics, such as strategies for regional integration, transition from coal to renewables, grid resilience, market challenges, policy shaping and financing options.

Top