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Call to invest in Serbian electric energy

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Assistant to the Serbian Minister of Infrastructure and Energy Milutin Prodanovic on Wednesday in Barcelona urged Spanish companies to invest in the Serbian electric energy sector and become partners with the national power company Elektroprivreda Srbije (EPS) in the realization of renewable energy projects.

At a conference where Serbia presented its electric energy potential, he said the Serbian government has set very favorable rates for using energy from renewable sources and many potential investors are interested in licenses for various investments in renewable energy.

Prodanovic pointed out investors are most interested in the contruction of wind parks and mini hydro power plants.

According to him, the Ministry of Infrastructure and Energy is trying to simplify the procedure for issuing building licenses for energy production facilities.

EPS CEO Bratislav Ceperkovic, who presented the Serbian electric energy system, said EPS is willing to offer guarantees to potential strategic partners in the construction of new power plants.

He stressed the country has greatly advanced in its electric energy system in its effort to meet EU standards.

Serbia plans to invest several billion euros in renewable energy, said the EPS representatives at the conference in Barcelona.

As EPS announced earlier, by 2015 the new power facilities should provide Serbia with additional 100-200 MW from renewable energy resources.

A number of planned projects in the clean energy domain should be completed by 2015, including the first hydro-electric power plant on the Ibar and the Velika Morava rivers, small hydro-electric power plants on rivers in Serbia, and projects aimed at utilizing wind energy.

When it comes to investments in clean energy worldwide, China tops the list with USD 54 billion invested in the last year, followed by Europe with Germany as the greatest investor.


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