Accessible and Renewable Energy

Ensure access to affordable, reliable, sustainable, and innovative energy for all.

In the period from 2012 to 2023 the Company achieved the total increase in energy efficiency of 33%.

In the previous year, NIS company focused significantly on accelerating and strengthening the energy efficiency, on projects related to renewable energy sources (increasing the share of RES in their own production through the construction of photovoltaic plants on its filling stations and other facilities including company owned land) as well as the projects for CO2 utilisation. Furthermore, the implementation of projects aimed at reducing the consumption and losses of energy resources (steam, gas, electricity) continued, as well as the injection of CO2 from the amine plant into the Rusanda reservoir; an analysis of existing wells – as candidate wells for additional injection / utilisation of CO2 from industrial facilities in Serbia has been conducted.

In the period from 2012 to 2023 the Company achieved the total increase in energy efficiency of 33%.

One of the primary strategic goals of NIS Company is diversifying its business through the construction of new capacities for electricity production.

During the year 2022 NIS launched started the implementation of a pilot project of installing photovoltaic cells at its filling stations. During the first stage of the project solar panels were installed at eight 8 NIS Petrol and Gazprom retail outlets and within continued project in 2023, at additional 37 ones. Out of the total of 45 constructed power plants with a combined capacity of 1.5 MWp, by the end of 2023, power plants at 25 filling stations have been commissioned, with a total capacity of approximately 870 kWp. The commissioning of the remaining 20 power plants is planned for the first half of 2024. The generated electricity is mostly used for the needs of filling stations, while a smaller portion is delivered to the distribution grid.

The first 15 photovoltaic power plants at filling stations, which started operating from May 2022 to April 2023, contributed to savings in electricity procurement of nearly 530 MWh by the end of 2023. Approximately 30 MWh were also delivered to the distribution grid, with an annual reduction in carbon dioxide emissions of 617 tons.

In addition to the aforementioned activities, during 2023, preparatory work was carried out or implementation began for projects to construct PVPP with a total capacity of 8.5 MWp, which will be operational by the end of 2024. These projects include:

  • PVPP at the Petroleum Product Warehouse in Novi Sad – the capacity of 6.59 Mwp;
  • PVPP at roofs of four facilities in Petroleum Product Warehouse in Novi Sad – the capacity of 0.585 MWp;
  • PVPP on one business building in Novi Sad – of the capacity of 99.9 kWp
  • PVPP “Jazak” at the Jazak Drinking Water Factory – capacity of 620 kWp (370 kWp on the roof and 250 kWp on the ground), with panel installation completed by the end of 2023.
  • As well as PVPP at the Oil Refinery in Pančevo with a capacity of 600 kWp.

Further development of constructing solar RES is planned for six additional facilities and locations, for which technical-economic studies have been prepared and their technical-economic feasibility for construction has been established. The total capacity of the panels is 21 MWp.

Great attention is also paid to wind energy, since the mission of the project company “Wind Park Plandište” (of which NIS is a co-owner) is to provide accessible, reliable, sustainable and modern energy for everyone (which is also one of the Sustainable Development Goals of the UN).

During 2023, the company “Wind Park Plandište” completed the process of optimisation and modernisation of the Plandište 1 wind energy project by modifying existing elements and obtaining new construction permits for all components of the wind farm. Additionally, during 2023, as a regular and active member of the RES Association of Serbia, the company “Wind Park Plandište” participated in all significant events in the country on the subject of renewable energy sources, as well as in events organised by WindEurope, the largest European association for wind energy.

Diversification of business operations at NIS Company by building new capacities for the production of electricity, as an important factor in the very complex process of the overall diversification of the company’s business, remains the focus and strategic commitment of the company in the coming period.