The Serbian and U.S. governments have signed a landmark Strategic Cooperation Agreement, marking the first of its kind between the two nations and enhancing bilateral cooperation, particularly in the energy sector. According to the Ministry of Mining and Energy, the agreement aims to promote U.S. private sector investments in Serbian energy projects, with a strong focus on renewable energy and the transition away from coal-based electricity production.
Should Serbia’s National Assembly amend the Energy Law to lift the moratorium on nuclear energy, the agreement could pave the way for collaboration in peaceful nuclear energy development. This initiative will involve bilateral partnerships with countries that have established nuclear programs, including potential cooperation with the U.S., a leader in nuclear power plant construction, as well as nations like China and South Korea.
Minister of Mining and Energy Dubravka Djedovic emphasized that the agreement would facilitate new U.S. investments in Serbia’s energy sector. Notably, American companies are involved in the Djerdap 3 pump-storage hydropower plant project, with Bechtel preparing the preliminary feasibility study at its own expense. Additionally, U.S. firms are participating in the construction of large-capacity solar power plants with battery storage, aimed at enhancing the renewable capacity of Serbian utility EPS, in partnership with a consortium led by South Korea’s Hyundai Engineering and UGT Renewables.
