Elektroprivreda Srbije Signs First Agreements with Solar Power Plants on Purchase of Electrical Energy

Joint Stock Company Elektroprivreda Srbije and the companies B2 Nova Sun and B2 Sunspot signed electricity purchase and balance responsibility contracts during trial and permanent operation for 15 years for two solar power plants B2 Nova Sun, with a capacity of 9.9 megawatts in Nova Crnja, and B2 Sunspot with a capacity of 7 megawatts in Kikinda. These are the first solar power plants with which EPS signs these contracts based on auctions conducted by the Ministry of Mining and Energy.

– The purchase and balancing price is determined on market principles, and this energy will provide additional security for the operation of our power system and supply for citizens and businesses, and it will be sufficient to supply about 10,000 households – said David Zarkovic, Executive Director for Energy Portfolio Management at EPS JSC, as announced on the company’s website.

He added that, with investors who participated in the auctions and other independent producers in Serbia, there is already more than one gigawatt of installed capacity from renewable sources, which constitutes more than 10% of Serbia's production capacity.

– With slightly more than 30% of EPS production from the hydro sector, we are already rapidly approaching 50% production from RES – he said.

Milos Kostic, director of the companies B2 Nova Sun and B2 Sunspot, emphasized that both power plants have obtained building permits and signed turnkey construction contracts, with the company MT- KOMEX and all necessary equipment has been purchased for both power plants, and the construction works are in progress.

– Both power plants will be ready for testing in May. The total annual production of these two solar power plants will be 25,000 megawatt-hours. In this way, we continue our investments, as last year we put into operation the solar power plant Delasol in Lapovo, with a capacity of about 10 megawatts. This is a natural follow-up that our company, as a domestic investor, increases the share of renewable sources in Serbian energy sector – said Kostic.

Elektroprivreda Srbije ad Beograd

B2 Nova Sun doo Beograd

B2 Sunspot doo Beograd

Delasol doo Lapovo

Elektroprivreda Srbije

B2 Nova Sun

B2 Sunspot

Delasol

David Žarković

Miloš Kostić

electricity purchase agreement

electricity purchase

electricity purchase price