At a recent energy conference, Dusan Zivkovic, Director of the Serbian state-owned power utility EPS, announced plans to modernize 80% of its hydropower plants by the end of 2026. This initiative aims to extend the operational life of the plants and enhance the security and stability of Serbia’s energy system.
EPS currently operates 16 hydropower plants with a combined installed capacity of 3,015 MW, contributing approximately 38% of the utility’s electricity production. Recently, EPS completed a €35 million overhaul of the 300 MW pump-storage HPP Bajina Basta, which was relaunched in April.
Zivkovic also highlighted the company’s commitment to renewable energy, stating that EPS will invest in additional electricity generation from renewable sources. Over the next few years, EPS plans to add 1 GW of self-balanced solar power plants, 200 MW in energy storage capacity, and complete its first wind project, the 66 MW Kostolac wind farm.
