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European Commission supports reformation of energy sector
Belgrade,
20 December 2005
Serbian Minister of Energy and Mining Radomir Naumov said today that the European Commission representatives praised the reforms of the energy sector in Serbia and stressed that they believe that the Electric Power Industry of Serbia (EPS) could be a leader in the region’s energy sector.
At a press conference, Naumov said that during last week's visit to Brussels, a delegation of the Serbian Ministry of Energy and Mining received support from the European Commission's Directorate-General for Energy and Transport for continuation of the reformation programme.
He pointed out that it has been agreed that EPS will participate in EU funds, out of which it will receive financial support for boosting production capacities.
It is in Serbia's interest to enter the European energy market as soon as possible, as well as to have a strong, competitive national company, said the minister.
Speaking about the alleged tender for the EPS strategic advisor, Naumov said that much confusion has arisen in the public about it, but, he explained, we are not talking about a tender for a strategic or a privatisation advisor.
According to Naumov, it is necessary to hire a financial advisor for a project which does not have much to do with the energy sector. The advisor would look at the possible options of the private sector taking part in the structure of EPS.
President of the Executive Board of the Serbian gas distribution company "Srbijagas" Svetislav Krstic said that the bottom line of the talks in Brussels is that Serbia is not lagging behind with reforms in the energy sector as much as it is thought, and that it is at the same level with some EU member countries.
He pointed out that it has been agreed that EPS will participate in EU funds, out of which it will receive financial support for boosting production capacities.
It is in Serbia's interest to enter the European energy market as soon as possible, as well as to have a strong, competitive national company, said the minister.
Speaking about the alleged tender for the EPS strategic advisor, Naumov said that much confusion has arisen in the public about it, but, he explained, we are not talking about a tender for a strategic or a privatisation advisor.
According to Naumov, it is necessary to hire a financial advisor for a project which does not have much to do with the energy sector. The advisor would look at the possible options of the private sector taking part in the structure of EPS.
President of the Executive Board of the Serbian gas distribution company "Srbijagas" Svetislav Krstic said that the bottom line of the talks in Brussels is that Serbia is not lagging behind with reforms in the energy sector as much as it is thought, and that it is at the same level with some EU member countries.
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