EPS looking for a consultant in strategic investment, development
The electricity utility Elektroprivreda Srbije (EPS) is looking for a consultant to advise it on strategic investment and development.
EPS has issued a public call for consultancy services, setting October 3 as the deadline for potential advisers to apply.
As part of the energy transition process, which involves decarbonization, EPS will have to phase out domestic lignite in power generation, bring its operations into line with the National Energy and Climate Plan (NECP) and the Sector Development Strategy. Serbia’s energy sector, ensuring energy security and security of supply and meeting other requirements, the company said.
EPS has sent a scenario for approval to the competent authorities
EPS must optimize investments in existing generation assets to increase profitability while meeting all of these requirements, according to the public call.
The consultant should help define a development strategy for the EPS generation portfolio and provide recommendations for investment in new and existing power plants.
As part of an assessment of optimal long-term solutions and prioritization of investments, it is necessary to develop a scenario, EPS said, adding that it has already prepared the document and sent it to the competent authorities. for approval. Details of the proposed storyline were not revealed in the public call.
Two tasks for the future consultant
EPS will expect the selected consultant to perform two tasks.
The electric utility notes that preparing a strategy and carrying out the necessary analyzes will require the development of a wholesale electricity market model for the South East Europe region in one recognized simulation modeling software suites. It will also require creating a database that meets ENTSO-E standards, EPS added.
The first task is therefore to create, update and maintain a market model for the power systems of Serbia and the countries of the South-East European region.
The consultant will assess the impact of mechanisms such as CBAM and EU ETS on the performance of EPS
The second task is to select and prioritize investments and to optimize and evaluate the EPS production portfolio by analyzing the region’s business environment and the limits imposed by EU directives under the European Green Deal.
The optimization and evaluation of the production portfolio are to be carried out over the next 20 years, according to the public call.
To obtain meaningful projections of EPS’s trade performance, it is necessary to take into account the individual impacts of mechanisms such as the EU’s Carbon Border Adjustment Mechanism (CBAM), the Carbon emissions (EU ETS) and the Energy Community carbon pricing mechanism. , environmental protection costs, as well as their combinations, according to the public appeal.