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EPS - February 2003 |
"Djerdap"
Revitalization of the hydro electric power dam "Djerdap 1" will start on July 1st. Projected completion date is sometime during 2010. With the completion of this renovation the generation capabilities of "Djerdap" will be increased to 1,200 Mw from the present 1,140 Mw.
Electric power consumption
Total electric power consumption in Serbia in 2002. was 34.4 billion Kwh. EPS produced 32.79 billion Kwh. Last year 1.7 billions Kwh (value 60 million dollars) of electric power was imported.
Bozidar Djelic, Serbian minister of finance, claims that rising prices of electrical power is requirement for continued IMF support. Compared to GDP, Serbia spent 4 times more on electrical power than EU, and consumption per household in Serbia is 8 times higher than in developed countries. (11.02)
Small hydro-electric power plants
Within Serbian land-registries are 856 places, convenient for building small hydro-electric
power plants with 456 Mw which could produce 1.59 billion Kwh per year. (7.2.)
EPS
EPS has incurred a loss of $3 billion dollars and is still carrying $1.8 billion dollars debt. The IMF requires that the average price of electric power per Kwh will be 0.04 dollars by June 30th, 0.05 dollars in 2004, 0.06 dollars in 2005 and 0.065 dollars in 2006. For this year's restoration EPS needs 14 billion dinars (222 million euros) and 13 billion dinars (206 million euros) for investments. Some additional IMF requirements are that EPS reduce the present level of energy transport losses from 19% to 16% and to increase payments to their debtors, many of whom are foreign power producers of neighboring countries. EPS will also be required to reduce the number of it's employees from 59,253 to 33.250 by the end of 2005.
Electric power export
“EPS“ (Serbian electric power company) has offered for export 728.4 million kWh of electric power. The offered export will be executed from April 1st to June 30th. All interested buyers can sell their offers until February 26th at 10 o’clock.
“EPS“ reconstruction
The electric power transmission system in Serbia will retain it's monopoly most likely under government ownership. Market competition will be allowed by law in the production, distribution and, services sectors. Currently existing electrical power plants are not currently included in any privatization plan but the construction of new private plants will be enabled, says Nikola Ranjkovic, chairman of EPS’s board.
EPS reconstruction means the abolition of monopolies in production and trade of electric power, and separation of production, transmission and distribution systems. Planned construction of new facilities to increase production capabilities include: finishing the “Kolubara B“ thermo-electric plant or raising the block 3 in “TENT“ plant. There is also a third option - natural gas electric power plant building.
Citizens against electricity price increase
Belgrade Center for marketing research Marten Board International/TGI/, licensed partner of British Market research Bureau of London, conducted in cooperation with 'Blic' daily public opinion research to determine public opinion concerning the problem of household heating of and the latest announcements about price increases of electric power.
Only 11.2 per cent of households in Serbia use electric power for heating their homes.
Large number of households /63 percent/ cannot make any savings of electricity, while 28 per cent of households can make savings in consumption of electric power.
Vast majority of our citizens /85 per cent/ do not agree with the latest announcements about price increase of electric power. They do not accept any of the mentioned reasons for such price increase.
Small hydro electric power plants
Kori Udovicki, Minister of Mining and Energy, announced that the future Energy Law will provide a clear legal frame for private investors to invest in small hydro electric power plants (less than 5 mW). There will no be necessary to obtain concession for small hydro electric power plants building.
There can be no excuse for electricity price increase before June, NBS Governor
NIS - There can be no excuse for the electricity price increase before June and its price cannot go up by more than 10 percent, National Bank of Serbia (NBS) Governor Mladjan Dinkic said in Nis on Tuesday, adding that the prices of many services were being increased on the pretext of price disparity correction.
The Electric Power Industry of Serbia is trying to carry out its consolidation only by increasing the electricity price, which is wrong, Dinkic told reporters at the opening of the new MB Bank offices and added that the dinar would remain stable and inflation rate within the planned limits.
Government to approve higher electricity rates - Uskokovic
NIKSIC - The Montenegrin Electric Power Industry has submitted the republic government a demand that the electricity rates be increased.
Trade Minister Darko Uskokovic told a press conference on Tuesday that the government would shortly approve the increase, and that corresponding talks were being held between the Montenegrin Electric Power Industry and Pljevlja coal mine.
Electric power debt
For electric power 600,000 households in Serbia owe 7 billion dinars (euro 110 million).
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Source: Various
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