Tepic: “Privatization of EPS is being prepared in secrecy”

Vice President of the Freedom and Justice Party, Marinika Tepic, has said that the authorities are preparing to launch the privatization of the national electricity company (Electric Power Industry of Serbia – EPS).

Speaking to reporters outside the EPS headquarters in Belgrade, Tepic said that the government’s announcement of a reorganization of the EPS means that the “Serbia’s most valuable company” is being carved up. She said that began with the government decision last Thursday to take the distribution system out of the EPS.  

Tepic went on to say that the reorganization would cut the value of the EPS by a third.

The Serbian government has launched the privatization of the EPS amid the coronavirus pandemic with a plan to pull the distribution out and turn it into a separate company, she said and added that this will affect the 13,000 people working in the distribution network, Tepic added.

She also rejected claims by Mining and Energy Minister Zorana Mihajlovic that the EU demanded the EPS to be reorganized, branding it a lie.

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“The truth is that the last time that EPS recorded profit was in 2016 and is a loss-maker now. The company’s revenue did not drop because of lower prices but because of higher expenses since Milorad Grcic (an official of the ruling Serbian Progressive Party – SNS) took over as the CEO of EPS. The money is ending up in the pockets of the Brnabic, Kisic and the Ultra Kop Company,” Tepic said and called for Grcic’s dismissal.

Later on Monday, Assistant Minister of Mining and Energy, Zoran Ilic, said that “what the so-called opposition politician Marinika Tepic said was a simple lie. Neither EPS will be privatized, nor the company workers will lose their jobs. “EPS and the distribution system operator (ODS) must remain strong and powerful companies to be ready for today and future market. It is our obligation to the citizens, to the employees of these companies, and the law,” Ilic added.

(Nova, 21.12.2020)




This post is also available in: Italiano

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