Serbia's Grid Operator EMS Plans to Invest 400 Million Euros

Serbia's grid operator EMS plans to spend 400 million euros ($507.5 million) over the next six years to upgrade its ageing power network and build new links to nations in the European Union, an EMS official said on Monday.

Serbia, which opened talks on EU membership this year, is the biggest market in the Western Balkan region and has become attractive as a place for potential power trading opportunities due to its eight borders.

Development of the electricity market, however, has been hampered by a transmission system in need of modernization and by state control of the sector, which is to be fully liberalised in January 2015 reports Reuters

(balkans.com)