Serbian power monopoly EPS produces record 36,056 GWh in 2011.

By bne IntelliNews January 9, 2012
Serbian power monopoly Elektroprivreda Srbije (EPS) said it produced 36,056 gigawatt hours of electricity in 2011 matching its all-time high result from 2009. Last year's result was even more important considering the fact that EPS' hydropower plants produced 1,900 GWh less in comparison with 2009 because of the lasting drought, the company said in a statement. Production at EPS' thermal power plants reached nearly 26,500 GWh in 2011, which is a record high in the company's 118-year history. Last year's thermal power plant output was 14.7% above the 2010's one. The statement said the record result was achieved thanks to lasting investments in production capacities. Electricity consumption in 2011 was 1.3% bigger than planned, the statement added without providing a figure. Around 30% of the electricity in Serbia is produced in hydropower plants, while the remainder comes from thermal power. The country needs to further invest in its energy infrastructure in order to reduce dependence on imports.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss