The company reported continued progress in both production and financial performance, highlighting strong results in its mining division. Coal output exceeded the planned target by 8 percent and was 7 percent higher than in the same period of 2024. To maintain this momentum, EPS is advancing mechanization works at the new Kolubara pit Radljevo, enabling overburden removal—a necessary step for accessing new coal volumes—starting next year.
Most planned overhauls were completed in the first half to prepare power plants for peak summer demand and the upcoming winter season. Through careful portfolio management, coal inventories were maintained at approximately 1.68 million tons. Spending on imported coal was 11.5 million euros below budget and significantly lower than in the previous three years.
A second consecutive dry year affected hydropower production. Inflows on the Drina and Danube rivers were about 30 percent below the long-term average, but strong unit availability allowed the company to capture available water. Refurbishment of the second unit at the pump-storage HPP Bajina Basta plant is ongoing, a step expected to ensure decades of reliable operation for the country’s only pump-storage facility.
EPS also advanced its renewable energy pipeline. The Petka solar plant at Kostolac began trial operations in the first quarter, while initial test runs for the company’s first wind farm are approaching. Management is prioritizing tighter oversight of investment activities, particularly as construction continues on the flagship pump-storage HPP Bistrica project, alongside ongoing efforts to reduce operating costs and strengthen customer relations.
