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The Government of the Republic of Serbia

In the service of citizens

Strengthening regional cooperation for successful energy transition

Belgrade, 7 March 2024

Minister of Mining and Energy Dubravka Djedovic Handanovic spoke today with the Ministers of Energy and Mining of Montenegro and Republika Srpska, Sasa Mujovic and Petar Djokic respectively, about regional integration, cooperation on energy projects and issues related to the energy transition process.

Speaking at a press conference held after the trilateral meeting, Djedovic Handanovic said that we all need more electricity in the future, especially green energy, and that the only way to get there is to build new production facilities.

The construction of the Trans-Balkan Corridor is particularly important, which will increase our capacities on the transmission network, connect the markets of Romania and Serbia with the markets of Bosnia and Herzegovina, Montenegro and Italy, and is also a condition for connection to the “Bistrica” pumped-storage hydroelectric power station network, which is a strategically important project for us, Djedovic Handanovic stated.

She noted that many energy projects have elements of cross-border cooperation and require the involvement of all three parties.

The main topic today was precisely how to find a way to move forward together in such projects, to the benefit of all three parties, the Minister said, noting that the power companies of Serbia and Republika Srpska have already launched a joint project for the construction of the "Buk Bijela" hydroelectric power plant, which has a significant energy capacity.

Mujovic emphasised that it is particularly important to work on strengthening transmission capacities that are of significance for all three parties, assessing that we will be stronger if we are more united and act together towards the Energy Community and defend our common goals.

Djokic underlined that Republika Srpska will do everything to realise the construction of the "Buk Bijela" hydroelectric power plant, noting that both the Serbian government and the Electric Power Industry of Serbia (EPS) have shown that they want this project to continue.