March 18 (SeeNews) - State-owned power utility Elektroprivreda Srbije (EPS) recorded a profit of 114 billion dinars ($1.1 billion/972.7 million euro) in 2023, Serbia's government said.
This is a historic financial result, and, in addition to the improved financial situation, investments have started to be realised more efficiently, energy minister Dubravka Djedovic Handanovic said in a press release last week.
The company closed 2022 with a consolidated net loss of 73 billion dinars, compared with a loss of 16 billion dinars a year earlier, according to its website.
Last month, EPS said Serbia's state-owned energy producer Elektroprivreda Srbije (EPS) plans to invest 5.4 billion euro ($6.4 billion) in the development of new projects for renewable energy sources by 2030.
(1 euro = 117.212 dinars)
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