Results 1 - 2 of 2
Results 1 - 2 of 2. Search took: 0.013 seconds
|Sort by: date | relevance|
[en] According to the Agreement on Stabilization and Integration to European Union, Serbia is obligatory to implement reforms in power sector and its power policy must be in accordance with the European Union power policy. Power sector reforms in Serbia have been started, and certain results were achieved. But, electric power infrastructure became technologically obsolete, and for its reconstruction significant investments and the active part of the state are necessary. Operative efficiency is at very low level. Also, Serbia has not yet decided whether Serbian Electric Power Industry will be privatized or not and if it is privatized which model will be applied and when. (author)
[en] From the aspect of the development of a country, the energy sector represents a domain of strategic interest. Generation and use of energy resources most often belongs to the public sector, and are most often under the influence of the government in most countries. This paper analyzes the risks that are characteristic to the business of the public enterprise, Electric Power Industry of Serbia (EPS). EPS has started its restructuring and is adjusting to changes and challenges imposed by the launched reforms in the energy sector. However, due to certain limitations, it is still not possible to implement its complete restructuring and modernization. The paper aims to point at the risks a potential strategic partner faces. The risks have been identified as commercial, financial and political, classification immanent for project finance, and their evaluation was done using Failure Mode and Effects Analysis (FMEA). Risk analysis was performed based on current conditions for two potential scenarios that predict different types of changes in the analyzed period. The results of the analysis show that the potential strategic partner should pay special attention to price risks, estimation, investments, project activity neglect, quasi-risks and debt collection. - Highlights: → Paper analyze all risks characteristic for business running of the public enterprise EPS. → Potential strategic partner faces with the commercial, financial and political risks. → Risk analysis was done using FMEA. → Results are indicating high risk of investing in EPS. → The highest risks are commercial risks, especially price risks.