Serbia’s state-owned power utility, EPS, announced a profit of over 184 million euros for 2024, following the adoption of its three-year Business Plan for the same year. The company highlighted that despite challenging circumstances, including the hottest summer on record leading to peak electricity demand, worse-than-expected hydrology compared to 2023, and major maintenance work in the mining and thermal sectors, energy production remained at the planned levels.
Among the key achievements, EPS added new production capacity to the network for the first time in nearly 35 years. Unit B3 at TPP Kostolac, with a capacity of 350 MW, was successfully integrated into the grid. Additionally, the trial operation of the desulfurization system at TENT A has begun, which is expected to significantly improve air quality. The total investments for 2024 exceeded 550 million euros, marking a 26% increase compared to the previous year.
The company also continued important maintenance activities, including the capital overhauls of unit B1 at TPP Kostolac and unit A2 at TENT, as well as ongoing work on the revitalization of the pump-storage hydropower plant Bajina Basta.
