1. UPGRADE OF AGING ELECTRICITY INFRASTRUCTURE
PE ELECTRIC POWER INDUSTRY OF SERBIA
UPGRADE OF AGING ELECTRICITY INFRASTRUCTURE
Dragomir Markovic
General Manager
June Portoroz

2. EPS - Structure, Ownership & Activities
Vertically organized company comprising of 11 corporate enterprises
Ownership
100% owned by the Republic of Serbia
Activities
Electricity generation
Distribution and distribution system control
Electricity trading
Coal production, processing and transport
Steam and hot water generation in combined processes
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3. EPS - Overview 2009 Installed Capacities Production 2009 www.eps.rs
Hydro Power Plants ,835 MW
Thermal Power Plants ,171 MW
Combined CH Plants MW
Total * ,359 MW
Production 2009
Production ,112 GWh
Production with K&M ,122 GWh
Coal Production** mil.T
Gross Consumption** ,292 GWh
Number of Customers** million
Number of Employees* ,800
Business Assets ~ EUR 6.5 bil.
Turnover ~ EUR 1.6 bil.
* Including K&M ** Excluding K&M
As of June 1999, EPS cannot manage its facilities on the territory of Kosovo and Metohija (K&M)
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4. Status of generating capacities 2009
Average working hours of EPS TPPs is more than 180,000
Average operating life of HPPs is 35 years
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5. Production & Consumption 2000 - 2009
Gross Consumption increased for 13%
EPS Production increased for 11%
Import decreased 8 x
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6. Rehabilitation & Modernization
Primary focus on thermal power capacities
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7. EPS – Energy Efficiency Improvement in TPPs
In the period , modernization and general overhauls done on almost all TPPs:
TPPs electricity production increase of 30%
Thermal units reliability increase of 11%
Coal specific consumption decrease
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8. EPS – Ongoing Investment Activities
Ongoing rehabilitation and modernization of HPPs will increase power capacity, production, efficiency and extend operational lifetime
Increase of HPPs annual production
HPP Djerdap + 80 GWh
HPP Bajina Basta + 60 GWh
HPP Zvornik + 70 GWh
HPP Potpec GWh
HPP Vlasina GWh
Rehabilitation, modernization of network and improvement of metering in distribution system will generate additional energy savings
Participation in the promotion of energy efficiency on demand/consumers side
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9. Production & Consumption up to 2020
In the period , EPS forecast indicates 13% increase in overall consumption
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10. Introduction of High Efficiency Technologies
System efficiency improvement after decommissioning of outdated and introduction of new TPPs
SPECIFIC HEAT CONSUMPTION (MJ/kWh)
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11. Prospective aging of EPS TPPs
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12. EPS – Planned Investment Activities
Investment Plan
Investment plan up to 2015 envisages over EUR 9 billion
Strategic partnership ca. EUR 2 billion, loans ca. EUR 3.5 billion, own funds EUR 3.5 billion
Within Investment Plan
Amount of EUR 1 billion is allocated for primary environmental protection measures
Amount of EUR 0.5 billion is allocated for investments into renewable sources
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13. Investment Activities up to 2015
According to the estimates up to 2015, in order to continue with the investment activities in the construction of new capacities and to maintain existing generation, some EUR 9 billion is needed:
Maintenance of existing system performance (ca. EUR 4 billion)
HPP revitalisation ca. EUR 0.4 billion
TPP revitalisation ca. EUR 1.3 billion
Revitalisation and replacement of open cast mines ca. EUR 1.5 billion
Modernisation of ED network and meter replacement ca. EUR 0.7 billion
Other investments (TMS, IT, etc.) over EUR 0.1 billion
Generation increase (new capacities - ca. EUR 5 billion)
HPPs ca. EUR 0.6 billion
TPPs ca. EUR 2.5 billion
Coal mines ca. EUR 0.6 billion
Other investments ca. EUR 1.2 billion
Investment projects for further development of electricity trade
Investment projects for GHG trading development
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14. EPS – Priority Investments in New Capacities
Projects with strategic partners selected on the basis of tendering procedures
TPP Nikola Tesla B3, Kolubara B, CHP Novi Sad
Projects based on the international agreement with Italy (SECI)
HPP Ibar, HPP Kupinovo
Projects based on the Cooperation Memorandum with RWE
HPP Velika Morava, PSHPP Djerdap III
Projects with the Republic of Srpska
HPPs Upper Drina – (EPS and RWE)
HPPs Middle Drina – (EPS and SECI)
Independent project construction
Kostolac B3
Projects with Romania and Bulgaria on Danube
HPPs upstream from Olta
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15. EPS - Financing sources
Anticipated funds over EUR 9 billion by 2015:
EPS funds ca. EUR 3.4 billion
Loans and anticipated loans ca. EUR 3.8 billion
Strategic partner ca. EUR 1.8 billion
Other funds up to EUR 0.2 billion
Investments in the new facilities by 2015 do not include:
TPP Kostolac B3
CO2 measures
Some hydropower projects (Ibar, Velika Morava, Middle Drina, Djerdap III)
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16. EPS - Intensive Investment Activities
Main reason for initiation of PE EPS intensive investment cycle is to:
Secure supply under conditions of electricity demand
Average growth rate of ca. 1% annually in the period up to 2025
Replace the old, inefficient facilities at the end of operation life
Meet environmental standards
Achieve economic and financial sustainability
High efficiency with increase of competitiveness
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17. Actual Regional Investment Overview
Romania
Bulgaria
FYR Macedonia
Bosnia &
Herzegovina
Montenegro
Croatia
SERBIA
Operating since2009: CCGT 372 MW, HPP 36 MW Under Construction: Gas 56 MW, HPP 311 MW, Wind 725 MW Approved: CCGT MW, TPP MW, HPP 94 MW, NPP MW, Wind 338MW, Other thermal 110 MW
Operating sc. 2009: TPP 404 MW, Gas 9MW,Wind 177MW Under Constr:TPP1570 MW, HPP 176MW,NPP 4000MW Wind 103 MW Approved: RES 109 MW, CCGT 50 MW,TPP 230MW,
Operating since 2009: No Under Construction: No Approved: No
Operating since 2009: Gas 30 MW Under Construction: CCGT 440 MW, HPP 73 MW Approved: TPP 75 MW
Operating since Wind 10 MW Under Construction: CCGT 565 MW, HPP 84 MW, Wind 59 MW Approved: HPP 300 MW
Operating since 2009: No Under Construction: HPP 644 MW Approved: TPP 500 MW, HPP 141 MW, Wind 117 MW
Hungary: Operating since2009: RES 94 MW, NPP 126 MW Under Construction: CCGT 2134 MW, Gas 232 MW, RES 148MW Approved: CCGT 1200 MW, RES 158 MW, TPP 440 MW
Greece: Operating since 2009: No Under Construction: CCGT 3079 MW, HPP 796 MW, Wind 725 MW Approved: CCGT 2415 MW, Gas 60 MW, HPP 186 MW
EIEE POWER PLANT TRACKER
APRIL 2010
SOURCE:
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18. Perspective Regional Investment Overview
Romania
Bulgaria
FYR Macedonia
Bosnia &
Herzegovina
Montenegro
Croatia
SERBIA
Applied: CCGT 120 MW, TPP 500 MW, HPP 4110 MW, NPP 707 MW, Wind 1874 MW Proposed Projects: CCGT 800 MW, HPP 440 MW
Applied: HPP 171 MW, Wind 203 MW Proposed Projects: CCGT 880MW,TPP 1240 MW, HPP 705 MW, NPP 1000 MW,Wind 261 MW
Applied: No Proposed Projects: TPP 610 MW, HPP 3182 MW, Wind 96 MW
Applied: CCGT 300 MW, HPP MW, Wind 198 MW Proposed Projects: HPP 465 MW
Applied:
HPP 53 MW, Wind 67 MW Proposed Projects: TPP 500 MW, HPP 797 MW, Wind 232 MW, Solar 60 MW
Applied: TPP 2510 MW, HPP 242 MW, Gas 250 MW Proposed Projects: TPP MW, HPP 1774MW, Wind 532 MW
Hungary: Applied: CCGT 8480 MW, TPP 710MW, HPP 100 MW, RES 680 MW Proposed Projects: CCGT 400 MW, NPP 2200 MW, Gas 50 MW, RES 35 MW
Greece: Applied: CCGT 880 MW, TPP 1500 MW Proposed Projects: CCGT 840 MW, Gas 60 MW
EIEE POWER PLANT TRACKER
APRIL 2010
SOURCE:
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19. Current Regional Investment Activities
Electric power sector in the SEE region* with 76 GW installed capacity and 280 TWh production cannot meet present regional demand.
Historical energy deficit in the SEE;
Power flow into the region - (15 TWh imported in 2007)
Due to energy deficit in the region, investment in the new generation facilities is priority
Current regional situation according to Platts Power Vision is:
In operation since 2009: MW
Under Construction: MW
Approved: MW
* Slovenia, Croatia, Hungary, B&H, Serbia, Montenegro, FYR Macedonia, Romania, Bulgaria, Greece, Albania
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20. The Future of SEE Energy Sector
Provision of energy security requires greater diversification of energy resources by type, sources and suppliers, active role of the regional energy market and maximizing the possible use of domestic resources
The structure of the electricity sector is changing in many countries of the region with the privately backed initiatives for the construction and operation of new power stations.
The availability of natural gas, which allows the operation of easy to construct CHP’s is playing a key role in the development of the sector
Development of regionally cooperated and coordinated investments and trading strategy is a challenging task for EPS and all national and commercial participants in regional energy market
According to conservative estimates, a total of EUR 60 billion is estimated for infrastructure projects in the energy sector of SEE region from now until 2015
EPS is not only taking into consideration investments in Serbia, but also in the region
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21. THANK YOU PE Electric Power Industry of Serbia www.eps.rs 21
Balkanska St. № 13, Belgrade, Serbia
Phone:
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