Swiss company to help EPS electricity trade in Europe

BELGRADE - Serbian Energy Minister Zorana Mihajlovic signed on Tuesday on behalf of the Serbian government the Memorandum of Understanding with officials of the Electric Power Industry of Serbia (EPS) and the Swiss company Alpiq Central Europe, which will assist EPS in electricity trade on the European power market.

A good partnership will be established between EPS and Alpiq, one of the three largest and leading European companies engaged in electric power production and trade, said Mihajlovic, stressing that this is very significant for the electrical power system of Serbia.

Acting director of EPS Aleksandar Obradovic said that the company will be facing major changes as the final wave of liberalization in the electrical power sector will be completed by the end of the year, which will allow every household, company and buyer in Serbia to choose their own power supplier.

Obradovic added that cooperation with companies such as Alpiq will enable EPS to gain new knowledge, contacts and market position and improve the Serbian power company's position on the regional market.

Head of Portfolio Optimization CEE at Alpiq Peter Dworak pointed that Serbia has developed into a regional energy force, and underlined its significance for the European power market.

Alpiq will help EPS gain access to the EU market, which will be a very important step in the company's further growth and a boost to its competitiveness, said Dworak, adding that EPS employees will undergo training in this Swiss company.

He also stressed that owing to the cooperation with Alpiq, EPS will have an opportunity to enter into favorable arrangements.

Swiss Ambassador in Belgrade Jean-Daniel Ruch stated that his country will...