A year of development and investment for PE EPS


Public Enterprise Electric Power Industry of Serbia ended 2017 successfully, the miners excavated more than 39 million tons of coal, which is the second best result in the history of PE EPS, and together with all other employees from the other sections of the system enabled the stable electricity production and supplying of all citizens and economy, as assessed by the Minister of Mining and Energy of Serbia, Mr. Aleksandar Antić  and Mr. Milorad Grčić, the Acting Director of PE EPS during their visit to MB Kolubara and Rail Transport of Thermal Power Plant Nikola Tesla (TENT).


- I am proud of results that EPS achieved in 2017 which was challenging for coal and electricity production. Hydrology was extremely poor, but we managed to make it up by our energy and  dedication, especially in the energy section - said Mr. Antić.


He also said that he was expecting that the electricity production would be increased by few percent and by that EPS would give its contribution to growth not only of GDP but to overall economy in Serbia.


- EPS enters 2018 with performances much better than the last year. We have 1.6 million tones of coal on the  thermal power plants landfills and the production in hydro section is quite good. Significant investments are planned. We are working rapidly on preparation of the complete documents for construction of TPP Kolubara B which has to prove justification of the project. We develop projects that represent the future of Serbia and EPS, and these are several projects in renewable energy, said Mr. Antić.


Mr. Milorad Grčić, the Acting Director of PE EPS noted that EPS had improved its production in mines, hydro section and thermal power plants in 2017.


- EPS ended 2017 in positive manner. We will continue such trend for sure. We made great savings, reduced losses in the grid, we managed to improve payments for our services by more than six percent – said Mr. Grčić.


He announced that EPS would continue the ongoing investments which include construction of a new unit in Kostolac, construction of a flue gas desulphurization plant in TPP TENT A,  improvement of coal production in Kolubara, and new investments were planned to be made in new power plants.


Mr. Grčić said that on the last day in 2017, 102.7 million kilowatt-hours of electricity was spent.


- The complete consumption is covered by the electricity production in Serbia, without import, and we will continue in this way - announced Mr. Grčić. In 2018, EPS will continue to improve its business and production capacities.


Mr. Savo Bezmarević, the executive director for energy production in PE EPS said that this winter season would run without any problems and that EPS capacities were fully prepared for January and February, the coldest months of a year.


The President of EPS Labor Union, Mr. Milan Đorđević thanked the President of Serbia, Mr. Aleksandar Vučić and the Serbian Government for helping EPS to overcome the consequences of floods and to achieve the production plans. He added that the negotiations for a new special collective agreement for EPS were underway, and that he expected it would be agreed upon by the mid of January.


Mr. Đorđević invited Mr. Pavle Petrović, the President of Fiscal Council of Serbia to visit open pit mines, power plants and EPS distributions, so he could be convinced of hard conditions for workers that provide energy stability of Serbia and so he could stop criticizing them.