The Serbian state-owned utility, EPS, is positioning itself to play a pivotal role in the nation’s potential nuclear energy development as it navigates an evolving energy landscape. CEO Dušan Živković, during a recent energy conference in Zlatibor, articulated the company’s readiness to manage future nuclear facilities, highlighting its existing technical capabilities and scale. He underscored the critical need for cultivating a specialized nuclear workforce to facilitate this transition.
This prospective shift towards nuclear power is part of a comprehensive restructuring of Serbia’s energy mix. With global decarbonization efforts gaining momentum, there is an increasing recognition that traditional baseload power sources must be replaced. Nuclear energy is emerging as a viable long-term solution, particularly given that nations with established nuclear programs tend to be among the most economically advanced. Živković suggested that Serbia must carefully consider its strategic position within this sector.
In parallel with these developments, EPS is advancing significant infrastructure projects, notably the Bistrica pumped-storage hydropower plant, which has been identified as a crucial investment for the company. Initial project documentation has been completed, and tenders for supporting works are anticipated shortly. Additionally, EPS is exploring gas-fired generation as an interim solution, including discussions regarding a potential facility in Niš.
EPS has demonstrated robust operational and financial performance in recent years, driven by various completed investment initiatives. These projects include the commissioning of a new coal unit at Kostolac and enhancements to wind and solar capacity alongside upgrades to essential hydropower plants. The utility has also implemented substantial environmental improvements, particularly through flue gas desulfurization systems at major thermal facilities, leading to significant reductions in emissions.
The expansion efforts have resulted in several hundred megawatts of new capacity being added to the grid, thereby bolstering energy security and modernizing EPS’s generation portfolio. This growth aligns with broader objectives aimed at transitioning towards sustainable energy solutions.
Živković also pointed out regulatory hurdles that could impact EPS’s trajectory, particularly concerning the European Union’s carbon border adjustment mechanisms. He cautioned that existing regulations might undermine the competitiveness of electricity exports from the region despite strong demand within EU markets. Addressing these regulatory challenges could unlock substantial export opportunities from renewable sources and enhance regional positioning within the European electricity framework.
