Sitemap

EPS begins sale of green energy

CorD Recommends

European Parliament Passes Groundbreaking AI Law

The European Parliament has adopted the Artificial...

European Parliament Members Endorse Western Balkan Reform and Growth Instrument

Members of the European Parliament's committees on...

US Leads Global Oil Production for the Sixth Consecutive Year

The United States has maintained its position...

Balkan Borders Blur as Free Labor Movement Pact Launches

Marking a significant shift in the labor...

Scholz Champions Western Balkans’ Path to Membership

German Chancellor Olaf Scholz, in Slovenia, advocated for quickening the EU accession for the Western Balkans, underlining the importance...

Wiener Städtische Insurance company is the winner of Dobročinitelj (Benefactor) award

The company Wiener Städtische Insurance received the Dobročinitelj (Benefactor) award for socially responsible activities implemented during 2021, 2022 and...

CEB Grants €1.3 Billion Loans to Boost Social Sectors in 11 Countries

The Council of Europe Development Bank (CEB) has sanctioned loans totaling €1.3 billion for 11 member countries, including Serbia...

Serbia Advances in Renewable Energy with Pupin Wind Park Financing

In a significant stride towards renewable energy adoption, Serbia has finalized the financial arrangements for the Pupin Wind Park,...

Đedović Handanović: Nuclear Energy in Serbia by 2039 at the Earliest

Nuclear energy in Serbia could become a reality by 2039 at the earliest, should work on the project commence...

The state company Elektroprivreda Srbije (EPS) began selling green energy to commercial customers, and the first major buyer in Serbia with whom the contract was signed is ProCredit Bank.

Two companies have signed an annexe to the contract to issue a certified guarantee to the bank that only electricity delivered to the bank will be generated in EPS hydropower plants, i.e. capacities using renewable sources.

The third of its production EPS makes in its hydroelectric power plants and the project of building the first wind farm in Kostolac is underway, and soon the power of the water will be enhanced by the wind power.

– “Elektroprivreda Srbije” proves that we are ready to offer a new and unique product in the electricity market in Serbia – “green” energy. We want to increase the production of electricity from renewable sources. – said Milorad Grčić, Director of EPS.

It is necessary to increase awareness of the importance of energy efficiency and renewable energy sources to protect the environment.

– ProCredit Bank has been one of the leading companies in Serbia for years regarding investments in environmental protection. So far we have paid more than 200 million Euros to our clients for projects that contribute to energy savings and better environmental protection. Also, thanks to the numerous innovations we have introduced, ProCredit Bank has reduced its electricity consumption by 25%, while heat consumption has been reduced by almost 30%. Continuing with such an approach, we decided to sign a separate contract with EPS to use electricity exclusively with a guarantee of origin from renewable energy sources in the future – said Ivan Smiljković, member of the Executive Board of ProCredit Bank.

Buyers of guaranteed supply (households) cannot buy green energy, because at present there is no legal possibility.

The total power of hydroelectric power plants owned by EPS is about 2.9 GW. The plan is to obtain certificates for all hydroelectric power plants, and this process is in progress. The annual production of electricity from renewable sources in EPS is about 10 billion kilowatt hours.

Related Articles

CEB Grants €1.3 Billion Loans to Boost Social Sectors in 11 Countries

The Council of Europe Development Bank (CEB) has sanctioned loans totaling €1.3 billion for 11 member countries, including Serbia and Bosnia and Herzegovina, announced...

Serbia Advances in Renewable Energy with Pupin Wind Park Financing

In a significant stride towards renewable energy adoption, Serbia has finalized the financial arrangements for the Pupin Wind Park, with contracts signed at the...

Hydroelectric Development on Drina: Serbia, Srpska Sign Key Agreement

Serbia and the Republic of Srpska have taken a notable step in regional energy development by signing an agreement through the Electric Power Company...

Nine Serbian Firms Among Southeast Europe’s Top 100 Companies

Nine Serbian companies have secured spots on the list of Southeast Europe's 100 most successful businesses in 2022, the SEE TOP 100.  This prestigious...

Igor Anić Becomes NewHead of the Associationof Banks of Serbia

Igor Anić, chairman of the Executive Board of Procredit Bank, is the new chairman of the Supervisory Board of the Association of Banks of...

Of The Seven Members Of EPS New Supervisory Board Three Are From Norway

The Minister of Energy, Dubravka Đedović, presented to the Government of Serbia the new members of the Supervisory Board of the joint-stock company Elektroprivreda...

DFC Announces Partnership With Four Commercial Banks

U.S. International Development Finance Corporation (DFC) announced the launch of four new loan portfolio guarantees with ProCredit, Addiko, Banka Intesa and Raiffeisen banks, in...

New EBRD €30 Million Credit Line To Procredit Bank In Serbia

The European Bank for Reconstruction and Development (EBRD) is boosting small and medium-sized businesses (SMEs) in Serbia with a €30 million loan to ProCredit...