Focus on Energy, 2010 - Karanovic & Nikolic
Focus on Energy, 2010 - Karanovic & Nikolic Focus on Energy, 2010 - Karanovic & Nikolic
Public EnterprisesPUBLIC ENTERPRISE “ELEKTROPRIVREDA SRBIJE” (“EPS”)EPS is currently the only producer of electricity in Serbia. Through five of its fully-owned subsidiaries, EPScurrently operates the entire natural infrastructure for the production of electricity.EPS operates the national distribution grid through five fully-owned subsidiaries. These are in charge ofthe operation of the distribution networks located in five of the regional centres in Serbia: Belgrade, NoviSad, Niš, Kragujevac and Kraljevo.In addition, EPS manages two mining basins for the excavation of lignite coal - Kostolac and Kolubara (providingthe supply of coal for the thermo power plants) mostly used by TPP “Kolubara” 1 and TPP “Nikola Tesla” 2 .The privatization of EPS has long been on the agenda of the Serbian Government but so far, there wereno concrete movements towards the realization of this plan. The prevailing opinion of the experts andthe investment community is that EPS will be ready for the privatization process only after it has beenrenovated and only after the full liberalization of the energy market and the reform of the energy regulatoryframework.PUBLIC ENTERPRISE “ELEKTROMREŽA SRBIJE” (“EMS”)26EMS operates the national transmission grid system and is the operator of the organized market for electricalenergy. In its capacity as the operator of the transmission grid, EMS decides on third-party accessand connection to the transmission grid and it is also responsible for the allocation of the cross-bordertransmission capacities. As the market operator, EMS is also responsible for the issuance of the rules ofoperation of the electricity market governing the trade of electricity on the organized market.FOCUS ON ENERGYPUBLIC ENTERPRISE “SRBIJAGAS”“Srbijagas” manages the national infrastructure for the transportation and distribution of natural gas. Inits capacity as the operator of the natural gas transportation and distribution systems, “Srbijagas” shouldissue the transportation and distribution network rules of operation which should govern the technicalterms for the connection and use of the transportation and distribution systems. To date, no such ruleshave been issued.Aside from the transportation and the distribution of natural gas, “Srbijagas” should also act as the operatorof the natural gas storage facilities. Whilst it is supplied with the relevant licenses, “Srbijagas” is notyet effectively conducting this activity as it has not yet finalized the construction of its gas storage facility“Banatski Dvor” in Vojvodina.PUBLIC ENTERPRISE “TRANSNAFTA”“Transnafta” operates the national oil pipeline system. As the operator of the oil transportation system“Transnafta” should issue the oil pipeline grid code which should prescribe, amongst other things, theterms governing third-party access, as well as technical terms for the connection to the pipeline system.“Transnafta” has not yet issued the transportation system grid code. “Transnafta” also holds the licensefor the oil products pipeline but this pipeline has not yet been constructed.1 TPP “Kolubara” is located at the edge of Kolubara coal basin in the village Veliki Crljen, and is operated by EPS. The total installed capacity of its fiveunits amounts to 245 MW.2 TPP Nikola Tesla, with its two units TENT A and TENT B, is a power plant complex operated by EPS, located on the right bank of the river Sava,approximately 40 km upstream from Belgrade, near the town of Obrenovac. By far the largest in Serbia, the complex generates around 16 TWh annually,which covers almost half of Serbia’s needs for electricity.
Private SectorGiven that the liberalization of the Serbian energy sector started relatively recently, the Serbian energymarket is still largely dominated by public enterprises. The gradual liberalization of the energy market hasbrought private companies into the Serbian energy sector, but their presence is currently limited to a participationin energy trading, mostly of electricity, oil and natural gas, whilst the production, transportationand distribution of energy remains, at least for now, in the public domain.Notwithstanding the above, the liberalization of the energy market and the planned integration of theSerbian energy market into the energy market of the European Union under the auspices of the EnergyCommunity Treaty have resulted in increased interest from foreign energy companies regarding investmentin Serbia’s energy sector. In that respect, a number of major energy companies are currently surveyingthe potentials of the Serbian energy sector, whilst some of them have entered informal agreementswith the Serbian government regarding investments in major infrastructural energy projects.The interest of the private sector in Serbia’s energy infrastructure is notable particularly in the area ofrenewable resources. Serbian renewable energy resources have attracted a number of local and foreigncompanies which have applied for a variety of specific energy permits. These have mostly related to theconstruction of small hydro power and wind power plants as well as the exploitation of biomass fuels.Their presence in the private sector is also visible in the gas sector where private companies are participatingin the development of the natural gas distribution network.ČEZ27The largest Czech producer of electricity has long been striving to acquire the leadership position in theelectricity market of South-Eastern Europe. ČEZ has been present in Serbia through its fully owned subsidiary“Čez Srbija d.o.o.” since 2006 and is currently looking for acquisition opportunities in the Serbianelectricity sector. It has acquired a license for the trading of electric energy and is an active participant inthe Serbian electricity trading market.FOCUS ON ENERGY
- Page 3 and 4: CONTENTSINTRODUCTION ..............
- Page 5 and 6: INTRODUCTION TO SOUTH EASTEUROPEAN
- Page 7 and 8: the adhering parties, thus allowing
- Page 9 and 10: Slovenia in 2007. In the same year,
- Page 11 and 12: egulations and articles transposing
- Page 13 and 14: energy sector in Macedonia. One is
- Page 15 and 16: distribution system operator perfor
- Page 17 and 18: certain plans and programs relating
- Page 19 and 20: SERBIAN ENERGY POLICYThe foundation
- Page 21 and 22: in the Kolubara and Kostolac basins
- Page 23 and 24: annual figure of 6,100 million m3)
- Page 25 and 26: District Heating SystemThe Serbian
- Page 27: tion of energy facilities. Through
- Page 31 and 32: FABRIKA MAZIVA A.D. KRUSEVAC“FAM
- Page 33 and 34: of investment in the RES, including
- Page 35 and 36: 33FOCUS ON ENERGYconstructed, says
- Page 37 and 38: the regulations regarding the energ
- Page 39 and 40: 4. Not be insolvent or in a process
- Page 41 and 42: tion and supply of electricity. It
- Page 43 and 44: MACEDONIAMakedonija/Македон
- Page 45 and 46: CURRENT PROJECTSIt has been 22 year
- Page 47 and 48: Natural GasDEVELOPMENT PRIORITIESTh
- Page 49 and 50: Renewable EnergyIn Macedonia, appro
- Page 51 and 52: ENERGY AGENCYThe Energy Agency was
- Page 53 and 54: Besides the regulation of the elect
- Page 55 and 56: GAS ENERGY ACTIVITIESOIL ENERGY ACT
- Page 57 and 58: NEWS ARTICLEMACEDONIANGOVERNMENTDRA
- Page 59 and 60: BiH fully satisfies its demands for
- Page 61 and 62: domestic source of natural gas, sup
- Page 63 and 64: of BIH (“SERC”), the independen
- Page 65 and 66: non-eligible customers;In the natur
- Page 67 and 68: “Sarajevo gas a.d” is a gas sup
- Page 69 and 70: NEWS ARTICLEREPUBLIKASRPSKA ISBUILD
- Page 71 and 72: MONTENEGRIN ENERGY SECTOR - OVERVIE
- Page 73 and 74: that could be achieved if the total
- Page 75 and 76: to open and commence the operation
- Page 77 and 78: operation and functioning of grids;
Private SectorGiven that the liberalizati<strong>on</strong> of the Serbian energy sector started relatively recently, the Serbian energymarket is still largely dominated by public enterprises. The gradual liberalizati<strong>on</strong> of the energy market hasbrought private companies into the Serbian energy sector, but their presence is currently limited to a participati<strong>on</strong>in energy trading, mostly of electricity, oil and natural gas, whilst the producti<strong>on</strong>, transportati<strong>on</strong>and distributi<strong>on</strong> of energy remains, at least for now, in the public domain.Notwithstanding the above, the liberalizati<strong>on</strong> of the energy market and the planned integrati<strong>on</strong> of theSerbian energy market into the energy market of the European Uni<strong>on</strong> under the auspices of the <strong>Energy</strong>Community Treaty have resulted in increased interest from foreign energy companies regarding investmentin Serbia’s energy sector. In that respect, a number of major energy companies are currently surveyingthe potentials of the Serbian energy sector, whilst some of them have entered informal agreementswith the Serbian government regarding investments in major infrastructural energy projects.The interest of the private sector in Serbia’s energy infrastructure is notable particularly in the area ofrenewable resources. Serbian renewable energy resources have attracted a number of local and foreigncompanies which have applied for a variety of specific energy permits. These have mostly related to thec<strong>on</strong>structi<strong>on</strong> of small hydro power and wind power plants as well as the exploitati<strong>on</strong> of biomass fuels.Their presence in the private sector is also visible in the gas sector where private companies are participatingin the development of the natural gas distributi<strong>on</strong> network.ČEZ27The largest Czech producer of electricity has l<strong>on</strong>g been striving to acquire the leadership positi<strong>on</strong> in theelectricity market of South-Eastern Europe. ČEZ has been present in Serbia through its fully owned subsidiary“Čez Srbija d.o.o.” since 2006 and is currently looking for acquisiti<strong>on</strong> opportunities in the Serbianelectricity sector. It has acquired a license for the trading of electric energy and is an active participant inthe Serbian electricity trading market.FOCUS ON ENERGY
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