Elektroprivreda Srbije

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J.P. Elektroprivreda Srbije
Type State-owned enterprise
Industry Electric power
Founded 2005
Headquarters Belgrade, Serbia
Area served Serbia
Key people Aleksandar Obradović (CEO)
Products Electric power
Coal
Services Electricity generation
Electricity retailing
Mining
Revenue Decrease €1.674 billion (2012)[1]
Net income Decrease €0 (2012)[1]
Total assets Decrease €9.446 billion (2012)[1]
Total equity Decrease €6.867 billion (2012)[1]
Owner(s) Government of Serbia (100%)
Employees 31,887 (2012)[2]
Website www.eps.rs

Elektroprivreda Srbije (EPS) is the state-owned electric utility power company in Serbia. EPS was founded in 1991 with its headquarters in Belgrade.

The company has an installed capacity of 8,379 MW and generates 38.9 TWh of electricity per year. Its installed capacity in lignite-fired thermal power plant is 5,171 MW, gas-fired and liquid fuel-fired combined heat and power plants is 353 MW, wind power is 20 MW (currently being expanded to produce a total of 320 MW), and hydro power plants is 2,835 MW.[3]

EPS is also the largest producer of lignite in Serbia operating in the Kolubara and Kostolac basins, producing around 37 million tonnes per year.[4]

In 2005, the electric power transmission division of EPS was split from the company and established as its own public enterprise, Elektromreža Srbije (EMS). Since 2007, EPS has prepared plans for the construction of new power plants and the expansion of existing plants to increase generating capacity and meet growing consumption demand.[5] In 2011, company's total assets and the equity increased for nearly 100 percent.[6][7]

According to the consolidated annual report in 2012, total assets of this company dropped from €12.049 billion to €9.446 billion, and the total company's equity dropped from €8.909 billion to €6.867 billion, with the negative net income of about 103.3 million euros.[1][8]

EPS currently holds a monopoly on the electricity market in Serbia, however since January 1, 2013, the market has been open to other companies. The market is expected to be completely liberalized in the coming years.[9]

Subsidiaries

  • HPP Đerdap
  • HPP Drinsko - Limske
  • TENT
  • TPP OCMs Kostolac
  • Panonske CHP
  • MB Kolubara
  • Elektrovojvodina
  • Elektrodistribucija Beograd
  • Elektrosrbija
  • Centar
  • Jugoistok

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Основни подаци из годишњег финансијског извештаја за обвезника ревизије за 2012. годину". Agencija za privredne registre Srbije. Retrieved 22 August 2013. 
  2. ↑ EPS - About us
  3. ↑ "Electric Power Industry of Serbia 2004". RENEUER. Retrieved 15 June 2013. 
  4. ↑ "EPS". Energy Fundamentals. Retrieved 15 June 2013. 
  5. ↑ "Electric Power System of Serbia - Energy Community Priority Projects". Energy Community. 28 September 2007. Retrieved 15 June 2013. 
  6. ↑ "Основни подаци из годишњег финансијског извештаја за обвезника ревизије за 2011. годину". apr.gov.rs. Retrieved 22 August 2013. 
  7. ↑ "Vrednost EPS-a povećana za četiri milijarde evra". euractiv.rs. Retrieved 22 August 2013. (Serbian)
  8. ↑ J., B,. "Odakle u EPS gubitak od 290 miliona €!". ALO!. Retrieved 22 August 2013. (Serbian)
  9. ↑ "Forbes visits Electric Power Industry of Serbia". South-East-Europe Business. 27 March 2013. Retrieved 15 June 2013. 

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