The 15-year power purchase agreement relates to the 10 MW B2 Nova Sun plant in the village of Nova Crnja and the 7 MW B2 Sunspot plant located in the municipality of Kikinda, EPS said in a press release on Thursday.
The electricity generated by the two solar plants will be sufficient to supply some 10,000 households, said EPS acting director Dusan Zivkovic.
Both projects received incentives at the first auctions for market premiums conducted by the energy ministry last year.
B2 Nova Sun and B2 Sunspot will generate a total of 25 GWh of electricity per year once operational, said the director of both companies, Milos Kostic, adding that the plants would be ready for test runs in May.
Local company MT-Komex, a company also owned by Kostic, has been contracted for construction of the solar plants.
Earlier this week, EPS signed a a deal with the local unit of Israeli renewables developer Enlight for purchasing electricity and assuming balancing responsibility for the 95.5 MW Pupin wind farm in Vojvodina.