By Abdullahi Lukman
Serbia’s state-owned power utility Elektroprivreda Srbije (EPS) has approved its three-year business plan for 2026–2028, outlining investments of around €1 billion in 2026 with a strong focus on renewable energy and power system reliability.
Energy Minister Dubravka Đedović Handanović said EPS has recorded solid production and financial results for three consecutive years, a trend expected to continue in 2026 under the new plan.
She noted that most planned investments will be directed towards increasing the share of renewable energy in the company’s generation mix and improving the stability of the electricity system.
In recent years, EPS commissioned its first wind farm, Kostolac, and the Petka solar power plant, with a combined capacity of 76 MW. The company also completed a flue-gas facility at the Nikola Tesla B coal power plant, significantly reducing sulphur dioxide emissions.
According to the plan, the largest share of future investments will go to new renewable projects, including solar power plants with a total capacity of about 1 GW and the pumped-storage hydropower plant Bistrica.
EPS is also preparing additional solar projects on its own land and is developing a 1 GW solar project with battery storage in partnership with Hyundai Engineering and UGT Renewables.
EPS has also launched a tender for a preliminary feasibility study and conceptual design for a solar power plant at the ash disposal site of the Nikola Tesla A power plant.
The plan includes salary increases for employees and continued corporate transformation.