MINING SECTOR 2021
BUSINESS
INVESTMENTS IN THE MINING SECTOR OF PUBLIC ENTERPRISE ELECTRIC POWER INDUSTRY OF SERBIA - EPS
Projects for a Stable
ENERGY FUTURE For public enterprise Electric Power Industry of Serbia - EPS, the mining sector represents one of the most important business segments and the backbone of electricity production. The announcement of new investments in electricity and mines provides an incentive for EPS to accelerate previously launched projects and launch as many new ones as possible soon.
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ithout investing in existing production capacities and building new ones, there can be no stable energy future, and the current and planned investment projects in EPS confirm that the country’s largest energy company has a secure future. At various locations there are increasingly more works, construction sites and launched projects. When many jobs in the region and around the world halted in 2020, EPS’s investments reached a value of almost half a billion euros, while development projects undertaken over the last five years were worth around two billion euros. Plans indicate that next year should be the most successful for EPS in terms of investment, enabling Serbia’s largest energy company to guarantee energy supply stability for approximately 3.6 million customers. 22
Although many projects found themselves stalled or on the brink of termination just a few years ago, the efforts of EPS management and experts led to an investment cycle being launched. The objective is for EPS to improve existing thermal power plants, hydro power plants and mining mechanisation, to open modern mines and build new “green” power plants. The announcement of new investments in electricity production and mines provides an incentive for EPS to accelerate previously launched projects and launch as many new ones as possible soon. The mining sector is one of the most important business segments for EPS and represents the backbone of electricity production. As much as 70 per cent of electricity in Serbia is generated from coal, as a domestic resource, and that represents the main pillar of our country’s energy independence. At the same time, the aim is to strive to bring coal production in
