In a significant development for Serbia’s energy sector, Elektroprivreda Srbije (EPS) announced a net profit of €129 million for the first quarter of 2026. This figure not only surpasses the company’s internal forecasts but also represents an improvement over the same quarter in the previous year. EPS attributes this robust financial performance to factors such as stable electricity generation, reduced operating costs, and ongoing restructuring initiatives aimed at enhancing efficiency within the utility.
Serbian Minister of Mining and Energy, Dubravka Đedović Handanović, noted that several critical infrastructure projects were successfully completed during this period. A highlight was the comprehensive modernization of the pumped-storage hydropower plant HPP Bajina Bašta, which underwent its first complete overhaul in over forty years. This upgrade is expected to enhance both operational reliability and flexibility, positioning the facility to better meet future energy demands.
Additionally, the Minister pointed out the successful installation of a flue gas desulfurization system at TENT B, which is recognized as the largest environmental investment currently being undertaken in the regional energy landscape. This initiative aims to significantly lower emissions from the plant, ensuring compliance with increasingly stringent environmental regulations.
The positive financial results from EPS reflect a broader trend towards improved operational efficiency and significant investments in infrastructure modernization and environmental upgrades within Serbia’s power generation framework. As these projects progress, they are likely to play a crucial role in shaping the future landscape of Serbia’s energy sector.
