According to a Government’s decision, state- owned power utility EPS will become a joint stock company as of January 2023, which opens the way for the privatization of the company, namely the search for a strategic partner.

According to Serbian media, that strategic partner could be US company UGT Renewables. Sources from the EPS revealed that the cooperation between the two companies is already ongoing, which means that the future partner is practically already chosen.

In August 2021, Serbian Government entered talks with US-based UGT Renewables for the construction of solar power plants across the country with a total installed...