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Plannedoil production* (t)

859,051 669,492 627,030 589,455 *Note: Theplanned crude oil production from exploitationfields is definedon,nJirs of active approvals'and planned production from discoveredfields is basedat the currentassumptions on theexpected crude oil price in the futureperiod. In the territoryof the Republic of ,NIS companyis carryingout oil geologicalexploration in sevenapproved exploration areas: in the on" uppiouedexploration area south of Savaand Danuberiver by l2l3ll20lg and in six approvedexploration areas in vojvodinaby 12132/2020. Accordingto provisionsof the Law on uno c.otogical Research(oGRS, no. l0l/15) NIS will apply for continuation of the oil ieotogicat-exploration for a period of 5 years (exploratoryperiods 3 + 2 years). Futureprojects of geological explorationwill determinegeological, geophysical, geochemical, andother necessarv m"thod, to beappliea ut prJrp.citocations lX3:f:?3 fo, dir.ou.ringthe oit Project development glans, impleme-ntationof geologicale' exploration works obligationsimposed and other by law is givenin Table40 t44l: Table 40: Projects of oil geologicalexplorations

No Title )ol1 2018 20r9 2020 2021 2022 2023 2024 2025

Geological exploration projects at the exp oratorvare of northern Banat Projectdevelopment XIXI I X Obtaining I the approval for project continuation X X Project implementation X X X X X X X X X Annual/finalreports on projects X X X x/x X X x/x X xlx Geologicalexploration projectsat the exploratorv arezof middle Banat Projectdevelopment XIX X 2 obtaining the approval for project continuation X X Projectimplementation X X X X X X X X x annual/final reports on projects X X X xlx X X x/x X xlx

ll3 No Title 20t7 2018 2019 2020 2021 2022 2023 2024 2025

Geological exploration projects at the exploratory area ofs,ruthern Barat Project development X X X

a obtaining the approval for project J continuation X X Project implementation X X X X X X X X X annual/final reports on projects X X X xtx X X XD( X XD( Geological exploration projects at the exp oratoryarea of northern Badka Project development X X X 4 obtaining the approval for project continuation X X Project implementation X X X X X X X X X annual/final reports on projects X X X XIX X X xlx X XD( Geological exploration projects at the exploratory areaof southem Badka Project development X obtainingthe approval for project lontinuation X X Projectimplementation X X X X X X X X x annual/final reportson projects X X X x/x X X x/x X x/x Geologicalexploration projects at the exploratoryarea of Srem Project development X X X obtaining 6 the approval for project continuation X X Project implementation X X X X X X X X X annual/final reports on projects X X X x/x X X xlx X wx Geological exploration projects at the exploratory areasouth of Savaand Danube rivers Project development X X X X obtaining 7 the approval for project continuation X X Project implementation X X X X X X X X annual/final reports on projects X X x/x X x xlx X xlx By 2020,at lhe approvedexploration areas for carryingout the oil geologicalexploration will be implementedplanned.3D seismicsuryeys, followei b| seismicand geological interpretation for the purposeof allocationof sitesfor explorationdrilling. The planned numberof exploratorywells that will be drilled in the tenitory of Serbiafor 2017- 2023 period given is in Table4l [44]. Numberof wells is given on the basisof the current geological explorationprojects for the periodfrom 2017to 2020.The drilling plan for 202I- tt4 2023 period is given accordingto the resultsachieved so far, and it will be definedby new projects. Table41: Number of plannedexploratory wells* Year 2017 2018 2019 2020 2021 2022 2023 Number of wells 7 8 7 8 10 11 l4 *Note: Number of planned exploratory wells is basedon the current assumptionsof the expected crude oil price in the future period. NIS' projects of geological exploration works in Bosnia and Herzegovinaand at the licensed blocks in Hungary and Romania refers to: - The results of hydrocarbon exploration in the territory of the Serbian Republic in Bosnia and Herzegovina that are carried out by "Jadran-Naftagas" (daughter company of NIS and Neftegazinkor)will define the dynamics of future exploration and production in this region. - In Romania,NIS has startedgeological exploration activities at the six licensedblocks. - In Hungary, NIS has started in cooperation with the Austrian RAG company geological explorationactivities at two licensedblocks. The completionof "Study of the regional geologicalmodel and estimateof future prospectson oil and gas in Pannonian Basin" with aim of analysis and interpretation of geological data collected at territory of Serbia, Hungary, Romania and Bosnia and Herzegovina for geological modelling of the Pannonian Basin and selecting the most prospected sites for future oil geologicalexploration, is plannedfor the endof 2017. Plan of drilling wells at active exploitationfields for 2017-2023period is given in Table 42 [44]. The values of reserves-to-productionratio (R/P) for 2017-2023period are presentedin Table 43 [44]. Table 42: Planned drilling projects in active exploitation fields for 2017-2023period Year 20r7 2018 20t9 2020 2021 2022 2023 Number of wells 30 20 20 20 20 20 20 Table43: Reserves-to-productionratio values Year 20t7 2018 20r9 2020 2021 2022 2023 R/P(years) 14.99 15.75 t6.79 16.86 16.87 r6.55 t6.47 3. Measuresin oil subsector- refining o Continuingthe modernizationof the oil refineryin Pandevo A setof activitiesthat follows this measureis presentedin Table44. 4. Measuresin oil subsector- transportation o constructionof the First facility of petroleumproduct pipeline system o The developmentof internationalcooperation for connectingthe oil pipelinesystems, as well asproduct pipeline systems A setof activitiesthat follows these measures is presentedin Table45. 5. Measuresin oil subsector- sales o Provisionof mandatorystocks of crudeoil andpetroleum products according to Directive r19t2009tEC. A setof activitiesthat follows this measureis presentedin Table46 6. Measuresfor improving the energyefficiency

ll5 In given table 47 are measuresand activities of NIS' Energy efficiency action plan for 2017 144]. NIS company'sEnergy efficiency action plan is done on an annual basis. Since2008, oil refinery in Pandevohas been included in a program of comparativeanalysis of refinery key performance indicators according to "Solomon" methodology, where the value of energy intensity index ("EII") is monitored. The estimated EII value after implementation of "Deeprefining" project is presentedin the review of mentionedproject [44]. 7. Environmental protection measures The environmentalprotection measuresand activities for harmonization of NIS' operationswith legislationof the Republic of Serbiaand the EU legislationby 2025 arepresented in Table 48 [aa]. The projects and activities for environmental protection in TransnaftaPublic Enterprisefor 2016-2023period are given in table 49 1451. The emission of harmful substancesinto the air, the amount of waste water, waste, chemicals, soil pollution and accidents,that are a source of environmental pollution, with measurestaken for environmentalprotection that are presentedby NIS on an annual basis, will be shown in the Report on Program'sStrategic Environmental Assessmentfor 2017-2023period.

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3.4.2.1 Projectsin Oil RefiningSubsector P.18.Strategic project "Deeprefining,, [44] Table 50: Basic characteristics of the project Technical The effects of characteristics and realization based on The value of the project project available documentation description andfunding source I This project will enable* in.r"ur. irr?, depf of refining (at 92%) ana increaseO production of white derivatives(to g5J%), with improvement of refining p.o".r, efficiency, increasing the plant,s availability and maximizing the lei,el of energycosts, optimization. Due Implementation of realization of the project and other measures delayed coking that are planned to be implemented technology as a second in Oil Refinery pand"uo, $330 million without energy phase of oil refinery intensity index ("EII,,, defined on VAT the basis modernization i; of the "Solomon" methodology; (NIS'own will funds) Pandevo be almost equal to the refineri", in world that useEII as a referenceindex. According to macroeconomic indicators used for the project calculation, the expected average increase in profit before tnterest, income taxes, depreciation and amortization (i.e. EBITDA) for the period after the beginning of the projecf [- SSZ mllllon per year.

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r35 3.5. Sectorof Natural Gas sr sector sho #H"1t#'JT"[ffi,'.,'"T':f :]l, lT -*,lTr. uld beo btained by impl em entati on impactiltui whichhave be-en selected organizationar,technicur*to.*fitrr.v ;;;ffi;""'oltot's' una,fi a"nnrd basedon an and investment^intensive;;r*;.,iriri"qlid::l,iffi ,i"':,{illfi ,h""ii'r'yrrogirticalry ,Tfi *:,.,,:ff;#ru the objectivesof the so"r"gy. .orrtribut" to achievement iir.'"o"pl"Jro",""gil itll"rtiu* of - Ensuring in itre*,ulr gassector securityof supplyof the are: - nationarnut*ut gasmarket, I Establishingnational and regional - naturargas marker, Diversificationof sourcesand. rhelevel orrealization orstrategi.'il:H#i:?:T,i"ld 58. byindicarors presented in rable 3.5.1. Measures for the Natural GasSector primarly H:?iiil:*:JhJiHLf ffi-.T:Ji:l#: directedtoward accomprishing the I' Harmonizationof legislation with obligationsarisen from community; A set Jr activitils a membershipin the Enerry related-to lr,i, ..asure inclua", instructions '" uJoptronof pransand networks 1,lat3a "t*i"sgl.ure,sunply of natural gas, for the transmissionIf naturat for accessto the related gur, u, ,.tt u, "onaitior* to exprorationand exproitatio;;;yffi:arbons,"da;i;;;;", legarframework companiesthat perform research *o-.j., on reporting,for and exploitatr* and naturar the certificationprocett or tn" i1 gas.Arso, for ensuring t'*smission ,y.i..n,"r it is necessary pubricto adoptchanges on thJ :ffi:,y"1T:tr;ilf,.do;cou"--.il;;;"* on utilitiesand the Law on 2' Improvement regulatory 9{ and technical conditions ; The rtt"yuttiuities for the operation of gas within thi, ;;ur; are revision adoptionoirul", for the operation andimprov*.n, meihodology svstem*nn,ii'1,".1"#ll*.'ili'i:ll*,n+;A:';:lgHi*f;il:TflT::i:l-t':-; "r,he ror determiningrhe developmentof the naturat {;f gas- u, *.ti'* taking *:",:,'.f3i larket,in a"iiitie, over measuringdevices and fr:J'ffif;"f,H:iliT[:",'i::l;;; oi."'i*ingJon*-;; producersbythe 3' Planningof gas infrastructure development;This developmentprans, for rransmir]":rl^!]i;;d;i;aciries,measurerefers to adoptionof ten-year ,...u,,f;-unipreparationu, *"u-uJfiu._y.u, plans for ff$*:fi"'fiT#:#:i:t#:,lj;.ff.1 ordocumentation rorthe 4' Reorganization-of,the.natural gas distribution sector; activitiesaimed at This measureincludes a range developm"ttiJitn.nutionui nutuJ-gurn,urk.;ilrr.ioura of bv regulatoryand ottret beachieved inc.n1J,,Jg ."d;;;;;;iirt r..*i.ting theirintegration with to-^unuii,litiri"r, distributioncompanies or 5' Realizationot "iri.Jr" ""."mprish,rr"i-.nr*.Lr sustainability. naturalgas production in the includesa setof lllnnto. technical-t".tr,3togi..r;;';;g*i)ationatactivities Republicof serbia; This measure optimal aimed naturalgas production, whi"h significanir-y at achievins to trr. ,"J*ity of the ;iJH,tffil; ffi if ;;;;I'tr*{:i;.ffi illil'"l",", "Jnoiuut"sl; ;;; ii'j",,or a.,osuppl!r,"L A particular set of "u- measuresis related to the improvement of energy efficiency of production, ffi',ilffiitrl #,I'Jiffi,gJ33;1;',fl:#i;il!ll",", ha,iea;;,;;,. errect onthe 136 - Improvingefficiency of oil andnatural gas production, - Maintenance andrehabilitation of th - Maintenance andrehabilitation ortrjl ;Trtffii;fJf' The listed measures'along with related^activities, responsiblefor deadrinesfor implementition ana inaicators "nuirug"d adoption, institutions for;;;tffi; are presented in Table 60-Tabre63.

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targets. Indicator no. I Target:Securing of sufficient amountsofvr coalur"lrforrur finalrtnat consumptionr enerry and generationof heat Indicator: Ratio betweendomestic coal productionand coar required transformationin heatingpr*t"; for finar consumptionand inaicatoi showstr,ut in.r, i, capability coal in theseareas of dJmestit pt"a""i"n. to meetrequirements for This t"d#;; is n9t domesticproduction high includingthe fact that thereis "f ;J"i;loa in ,,nu'-*o*ts. (anthracite,-hard :Jl:Tl3l'[ffi,?,iff,f":trfl coal, etc.).It is "l,X';'_Xi'#1il:jrffii],r,u*ornnui*.i.,gyandenergy

t62 Year2015 Domesticcoal production : PEUmines 595,294t, t7,000 Underwatermine kJ/kg I 225,000 EPS t, 9,000kJ&g drying (7,500kJ/kg) 548,752 industry t 23l,g2lt heatingplants 211,197t Finalconsumption: 27,994TI Heatingplants: 2,732TJ Combinedplants (excluding blastfurnace gas): 2.845TJ Consumption: 33,561TI Valueof indicator: 0.s8(s8%) Targetvalue of indicator in: 0.75. Indicator no. 2 Target:safe and reriabre suppryof coarfiring powerprants Indicator: Ratioof effective andtheoretical production rate-of EBS Stacker)system' This indicuror (Excavator-Beltconveyor- .rro*, utilization oi i-nstalledproau"tior,'rui. Secondindicator is ratiobetween or equipment. u.rti.u.a operationalti." orEBS showstime utilizatior.or.quip."ni. systemand theoreticar time. #jtilH:or rnii*io* aregiven separately for coaland Ta-ble86: varuesof indicators for coarand overburdenin 2015 Basin Openpit mine Time utilization Productionrate utilization FieldB/C 0.24 0.24 Field D 0.45 0.32 Veliki Crljeni 0.46 0.36 TamnavaWest Field 0.22 0.38 Total 0.31 0.34 0.31 0.31 Total 0.31 0.31 EPS r otal 0.31 0.33 Table87: Values of indicatorsfor overburdenin 2015 Basin Openpit mine Time utilization Productionrate utilization FieldB/C 0.43 0.28 FieldD 0.34 0.36 Kolubara Veliki Crljeni 0.62 0.37 Tamnava West Field 0.37 0.43 Total 0.38 0.36 Drmno Kostolac 0.44 0.49 Total 0.44 0.49 EPS TotaI 0.40 0.40

163 Targetvalue of indicator in 2023:To ach.ieveplaned value of production productionit is necessary toincrease rate utilization,indicatoi i" blsl trrus creating conditionsfor more uri"utiooor; ;:iorce(precon dition to ;ffi $,[H ;'J]ffji}i.ilX 6:tn harrop""utioo Indicator no. 3 Target: Achievement of production rate utilization purpose on coal and overburden, for of safe supply of fuel to power plants. the Indicator: Ratio of ac-hieved-andplanned production of overburden and coal This indicator shows the level at open pit mines; of achieving ,.quir.d proa".ri"r rate the purposeof safe of |ou1; overburden,for supply of thermal fo*., plants. Table88: Achieved indicatorson coarproduction in 20rS Basin Openpit Coal production Achieved coal Indicator plan, t production.t FieldB/C 3,300,000 l,296,g3g 0.39 FieldD 11,392,000 12,299,460 1.08 Kolubara Veliki Crljeni 3,500,000 3,673,013 |.04 TamnavaWest Field 10,100,000 17,419,040 1.13 Total 29,292,000 29,697,451 l.0l Drmno Kostolac 8,499.000 8,341,640 0.98 Total 8.499.000 9,341,640 0.98 EPS Total 36,791,000 37,029,091 1.00 Table89: Achieved indicatorson overburdenproduction in 2015 Overburden Achieved Basin Openpit production plan, overburden Indicator 2 __ploductlon,m- FieldB/C 10,000,000 7,713,293 0.77 FieldD 21,000.000 16,461,944 0.78 Kolubara Veliki Crljeni 1,550,000 1,643,653 1.06 TamnavaWest Field 23,000,000 21,479,029 0.93 Total 55.550.000 47,297,919 0.85 Drmno Kostolac 42,000,000 36,997,434 0.87 Total 42,000,000 36,997,434 0.87 EPS Total 97,550,000 84,195,353 0.86 Indicatorsareshowingdrawbacksinexcavationofou..-1"* ,TTt :l*l::Ij,i:':11.".^ 1..:,ylr:_1 or coarin i;. Amountof overburdenmust be conespondingto the strip ratio.Ratio producea of oie.Luraenof g4;gs15;"j'filotffi: :? 37,029,091t (2.27), is nofsuitable to currentstrip ratio. Targetvalue of indicator in 2023:overburden indictor shouldbe 1.0,with plan suitableto coalproduction and strip ratio for the current year. Indicator no. 4 Target:optimization and concentrationof undergroundcoar production

r64 Indicator: Ratio of spent and planned investments shows.level of completion ilH,T:fii'ffi :l';ffi *"ffi *'ii;1;f of pranned Year2015 *e",H:,.r,'0,"i.,1i,"i,'T,ll,n"*,p"t."ti."r Plannedinvestment: 999,213,000PCI Spentinvestment: 324,063,770PCI Valueof indicator: 0.32 Target Q2y") valueof indicator in 2023:0.90 I Indicator no. 5 More intensive exploration of coal deposits across the ff;tt:" whore area of Repubric of Indicator: Ratio of completed and planned planned explorations is showing degree project"Morg iniensive e.nrir"1i"i of compretion of suggests acrosstt ,,itot. areaof Repubric to potentialihreatsdue"a;;;i;;p*its to dr[-o'f;dity " tXT!|l':;rfd datacaused by reducedlevel of Examplefor JppEUsame , methodologyis applied for the other year 2016 subjects(EpS): Plannedexplorations: 5,190.0m Completedexplorations: 650.8m Valueof indicator: 0.r2(r2%) Target valueof indicator in2023:0.90 Indicator no. 6 More intensiveexploration of coaldeposits nffit' acrossthe wholearea of Republicof Indicator: Ratio of reservescategory A+B and total reserves(A+n+6r;. Indicator of depositexproration, regarding rltiuut" showslevel andquality estimation ofcoal reserves. Kolubarabasin: Reservesof A category: 64,gg2,090t Reservesof B category: 1,127,27g,570t Reservesof Cl category: gn,064,140t Indicator: Reserves(A+B)/(A+B+CI) = 0.566 Openpit mineDrmno: Reservesof A category: 0t Reservesof B category: 239,675,092t Reservesof C1category: 159,310,462t Indicator: Reserves(A+B)(A+B+Cr) = 0.599 PublicCompany for UndergroundCoal Mining (JppEU): Reservesof A category: 3,ggg,gl0t Reservesof B category: 436,106,730t Reservesof Cr category: 595,356,g70t Indicator: = 0'73e rargetvaru e t) "r,"o*,lj,Iffi $;:'#"+B+c

165 Indicator no. 7 Target:Introduction of Coal quality managementsystem Indicator: Numberof t1a-i1shipments wjth coal of insufficient u'tri'*rn quarity - deliveredwith rower ;lHi;Iffi ffiil,j,]oo higher."i;,in;' varue'1over 7,;06kykg) and totar Example pK for Tamnava West Field Year 2015 I Number of train shipments: g,ggl Number of shipmentswith insufficientquality: - shipmentswith quality lower than6,500 kJ/kg 1,106 - shipmentswith quality higherthan 7,500 kJlkg 2,606 Valueof indicator: 0.375 Indicator shows large number of train shipmentswith insufficient qualityhigher than required. coal quality, mainly with Target valueof indicator in2023:0.20

3.6.1. List of Measuresin CoalSector Strategic actionsas given in Strategyare: - More intensive explorationof coal depositsacross - the wholearea of Republicof Serbia openingof replacementcapacities for,existingopen pit mineswhich will andopening of openpit mines stopthe production as supprie* roin.* ttn'ar powerplants. - optimization andconcentration of undergroundcoal production. - Introduction of coalquality managemenr system. Besidethese strategic actions,which defineprojects to be national executed,following tableprovides e'Jil*T:t,?i;ffi:::fl:':" "t r.guirru,n.*ork with regisiation oi eu andEnergy

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Referencefor coal is [5a]. s-incecoal production ' fxn]9ra1i91 at open cast mines Field D and areplanned, j*:f* ;;r Ier s car em urtipurpo se expr orati ff l'## Tfffiincluding |]'*geological i"li : *pr"t"ti"r,';ffi;"' :;ffi ilid "r"#:.Ti:'i:Hi::rt:?il?H:;ons waste dump' Due ? to- insufficient exploration level, and cast in accordanceto mine planning of open mine Field E' this project includes geologicai Listor planned oprorution to be completed within 4 years, ililT?dffi:f worfs*,i Jil;i.', bvopen .urJ'-ii.r, aregiven in of geologicalexploration il13Ji"?I"."Jmf on mineFierd c, relaredto recoveryof

Fieldworks Laboratoryworks Table92: Dynamics of georogicarexproration on mine Fierdc

Explorationdrilling Geological works Hydrogeological works Laboratoryworks Table93: Dynamics of georogicarexproration on mine FierdD

Exploration drilling Geologicalworks Laboratoryworks Table94: Dynamics of georogicarexproration on mine FierdE

Multipurposeexploration works - Exploration drilling,31,000 m 2016,2017and2018 - Otherworks Exploration works 2016,2017and2018 Geotechnical explorationworks 2016,2017and20t8 Hydrogeological explorationworks 2016,2017and2018

168 Smallscale multipu{pose geological."p]:Tli:ls-are pranned i'u't ;rzodriobi"'zso,ooo-e at the mine FierdE, until the end :in:tJ:*1'j|""h]. p.r'ffiu-,which can be used ror eraboration FieldG I Due to high level of coal reservesof A andB category explored'opposing in Field G of 100%,this mine to coal, .*pto*tion of clearlf.*ir,irrg is well resourceswithin non-ferrousconcomitant the depositare complete^ly neglected. prun mineral 2022,atritest. ovnu-ii' ir.,o performgeorogical explorations ,Tliif,tJ;Jo "r;.rfi;i;;i;.pi"r",r"r,- p*"?-2',iit_zozzaregiven Table 95: Dynamicsof georogicarexproration at mine FierdG , rnin period Z0IB_2022 I W""t" 2018 2019 2020 202r 2022 ivrurupurposeexploration works - X x X G.ologi.ul X X , x X "*plo.utiorrGf, X X Geotechnicalworks I X X X x Hyqrogeologrcal X works X x lnerelherewilIbenodetailedgeologicalexploration"i'. w TamnavaWest Field Geological explorationsare plannedin such manner operations' to be performedin front of the at leastfor the p"iiod to secure mining all the pu.ur.t.r, requiredfor in-time geologicalinterpretatio.n oi the deposit and reliable and *rtinJ.r.J planning and overburden excavation.These are given in Table96. and coal

n at deposit Tamnava West Field

Multipurposeexploration works Geologicalexploration works Geotechnicalworks Hydrogeological works *:T',:1i*::?:":ff:::*::::::t:*':*l&;|1i2e,d;i;:ffiiffi JrTS#:h:i3.:i: ;.3::':*ilT'jffi*'::_::1'.rPLzwi1a7w;;;;,"i'l'il,"iffiinpranned period ors ,ff A:::ifi11; repons.l"j"Tj*"m 1.u..,which .", o"'irJi'ff:ii#l;,1',if, ifive years

al explorationsof Tamnavadeposit Works Amount (€) Multlpurpose exploration works 573,653 ueotogrcalexploration works 323,519 Ueotechnicalworks 55,956 nyorogeological works 43,227 Total 996,255 Dynamicsand cumulative investmentsin planned detailed geological givenin Table98. explorations by years are

169 to geologicalexplorations Works 2018 2019 2020 Total (€) rvrurupr{pose exploration works Ig4,gl3 lg0,g27 lg7,gl4 573.653 \r Eurugroarexploratlon works 107,279 l0l.205 I15,035 323,579 Geotechnical works 25,490 - 14,629 75,747 55,956 Hydrogeological works 15,2gg 18,309 9,630 43,227 Total 342,959 324,969 329,327 996,255 Field Radljevo Due to insufficientexploration level and in accordance pit to openingdynamics of Radljevo mine' projectis planninggeologiJ exploration open which shguld_lecompleted within 4 years, on 2016' DynamicJo1 geiogical exploration.-in'p.rio if.ntnt d 2016-2019are given in Table Table99: Dynamics of georogicarexproration at Radrjevodeposit Works 2016 2017 2018 2019 vruttrpurpose explorationworks X x X X C"otogi.ul .*plo*tion *orkr- x X x x Geophysical explorationworks X X x X ueorccnntcalworks X x X x Frydrogeologrcal works X - X x X Geologicalexplorationsv^Prvrclr.,'o untilu'r'' theme endeno ofot productiproduction at Radljevo open pit such manner mine are planned in to be performed in front of the mininsng operations,orr"rri;.,r..'";;iil#I#J"""'T:HH"tr ater leastlaqcr forrnr the+r.^ period -^-:^r to1^ secure- -- H[*:'j"1',T:'i:#1-":'-'o^:i9:ir1""""{^.1.il'ffiunhindered.y?:'-1'.;y'ffi:":;::"':l"q4zz!oi{,-'iffi nlannino onrl ^,,o-L,,-a^- ^,-r r ilffi ;fi ':T;:.Hff .l:ffi ffi : o20 -20 il't#;ffi J::T:::;l*#l'il; :::ff | 6 | e.Dynami cs o r georo gi cur .*p ro.uti or,, t; ji li,i,il fi100. ;'" ff;f; "ffiiro"rffffi?J Table100: Dynamics of geological explorationat Radljevomine in period 2023-2027 Works 2023 2024 2025 2026 2027 Multrpurpose explorationworks X X x X X Geological .*pto.ution *rt. X x x x X ueophyslcal exploration works X X X X x ueotechrucalworks x x x X x nyorogeological works X x X X X Smallscaleexplorationsareplanneduntiltheendor.ou €3o*r^l!,,#lr!,,2:?yr:!,ry:!:il:rt-.,nlr.in per trr"s. are500,000 €,i.e. 100,000 annumin ptanningp.."og of 5 yearswhich can be "*plorations,r#;; Presenteddynamics i.r;H of geologicalexplorations, for eachoperational "r#;;:l#"r?,]r,i; until 2025 depositin plannedperiod i'e' 2050, are planned in such mannerto performed operations' be- in front of the mining at leastfor the period to secureall the p*u-.i"r, geological requiredfor in-time and reliable interpretationol the deposit and *rtinJ.rrJ pranning excavation. and overburdenand coal t70 worlisand exptoration ffi::i%1u-tll'$ttological costs(€) ar Radrjevo deposit by rypes in Works 20r6 2017 2018 2019 Multipurpose Total (€) explorationworks 509,659 540,459 723,954 265,311 2,039,293 Geological exploration works 900,379 696,gg6 933,064 261,711 2,792,040 Geophysical exploration works 172,703 229,450 167,792 269,339 839,294 Geotechnical works 192,361 l54,gl7 I t2g,5g3 84,706 551,467 Hydrogeological works 204,959 402,937 t16,924 242,996 967,516 Total l1969,96l 2,024,54g 2,07l,llg 1,122,963 7,lgg,5gg Table 102: Investmentrent (€)f€) in georogicaroantnai^^r exproration^-,- in easternpart of Korubara basin Total fnvestment fnvestment No. investment Item in in in period2Ol5-period2015-period2O2l- 2049 2020 2049 I ssuruH,rcar exploratlon Explorationr.tut"ffi l.l wastedump of Field C 80,000 80,000 0 1.2 ueorogrcalexploration at FieldC - 440,000 440,000 0 1.3G.ologirul FilFD "*plo.ution-i 490,000 490,000 0 1.4G.ologi.ul .*plorutioi ut Fi.ld E- 7,530,000 5,290.000 2,250,000 r.4.1Multipurpor..*pl*ution iltJ- 4,290,000 2,030,0002,250,000 1.4.2E*plorutionrorkr------.--.--.---.---.------1,450,000 I,450.000 r.4.3i"ot""h.ri.ul *orkr----..------.------.- 0 450,000 450,000 0 1.4.4{ydrogrologi.ul **kJ--=-- - 1,350,000 1,350,000 2 )esignins 0 2,500,000 1,500,000 lotal 1,000,000 11,030.000 7,790.000 3,250,000 Coalreserves Kolubara coalbasin Overall minable reservesin Kolubarabasin,at the while endof 2015,are 2,105,224,g00 t of coal, total non-balanced,...-., ui, 2,645,574,091 Kolubara t of coal. Reservesin mining fields coalbasin are given in TabloI03. in

t71 Table 103:Overview of coal reserves in Kolubara coal bas - tn Deposit Balanced Category Non-balanced Geological reserves(t) reserves (t) A - reserves ff) FieldC 7 ?55 'on 3,260,760 old Fields B qer' 10.61604n B andC 11 704 3,959,420 A+R 37,664.400 41,060,260 7,220,190 A 49,290,440 74 )76 \A^ 43,975,950 FieldD B 78-152sl0. 24.053.510 -__--- A+B 24,053.551 34,276,560 67,929,460 B 102-206Drn Field E (- 27,620,050 173,927,350 150,720.14i 104.349.oo -_-__-- B+c 255,069,76;n I 296,927,440 l3l-969 670, B 429,997,10 464,559.700 AAN < FieldF tv-ltJ7qlUU C1 l8l 500snn - E+C, I8l 600 snn - 646,160200 A 21.873.290 I FieldG 25,729,230 47,601.520 B 14,3%,n0 40.105 6Ro 54,499.950 36,266,460 65.833-9to 102,100,370 Field A 1,376,950 15.460))o 16,937,770 Veliki Crljeni U1 49-977 49,O 49,973.480 6fCl 1,376.950 65,433,700 A 66,910,650 26-1477eo 26,147,790 Tamnava- West b 56,293.760 Field tt,121,600 67,405,360 Ct 245 0)1 51f' 44,675.650 269-697 180 --4+B+Cr 30110< ro 81,945,040 B 383.250-3?o 30,557,550 254.029.s70 FieldRadljevo Il to9. /4.1 800 47,179,910 B+Cr 216,923,710 5y5rZI5,EZO 77,737,460 Cz 470,953,290 191.363.410 B loq 11' onn Field rug,712.900 x ., C1 Doprc- lq ??l {n^ 19,33I,500 B+Cr 109,712,900 19.331.500 129,044,400 C2 potential- estimated 127.172.300 B 79,944,740 FieldZvizdar Cr /6,944,740 165,979,170 22,949,320 1RRq?6

r73 Table104: Overview of coal reservesin Kostolac coalbasin Deposit Balanced Category Non-balanced Geological reserves (t) reserves /f) reserves (t)

?39,675,092 I t2--18?9\7 351,05g,039 159,310.462 Drmno lJ2-1188R6l 292,199,323 397,995.544 2+5-271RtR 643,257,364

Total llrfi--l r: :olJl%+I Errrvcs: zyzr: )39,952 A I rJ c, E.59-5000 Klenovnik a *ts*Cr C't Total drJyJ.uuu - - nahle reser"vas ,n A B 54,403,039 q 63,233.169 121,636,207 19,102,261 8.779.400 Cirikovac *tsfu^r 27,991,661 4 75,505,299 74-01256R c2 149,517,969 rozr+I+,luu Total _46t,449,936 lvrrnaDle reserves: o A B 161,576,217 13.74?q76 175,319,193 C1 246,634.989 180-506lqo WesternKostolac +!+6, 427,141,179 A 408.211.206 t94,249.166 c2 602,460,372 208,671.468 Total - ul I,l3l.g40 - wlmablereserves:409,21 A ,206 454,654,3371197 954 1r]l1 649,013.439 B 425,047,712 322 1744<1 cl 747,222.073 TOTAL 879.702.04e 520,129,552 1,395,235,604 A +B+Cl KOSTOLAC - 371,095,569 Ct 454,654,337 197,954.101 649,013.439 Total 1,766,321,172 -.----5v.vMinqD.l, rvrlr vt;Da /frf .f :ltr-trtx Havingo in mind that Books on reservesr". ;r.,.. of balancing conceptualsolutions:ons of openooen pitnir mining,';;r;;;'-ffd;;;ffiT'ffi'ilil:ru::,Til1tJ_,1;r_.::l:t:^Oll**"lyses. reservesmainty on consideredwith somescepticism, ;: uy ta[ing into accouni'thatlimiting changingboth in space .o;airions of mining are and in tir*. Ho,""ver, it rh;;i; Klenovnikdeposit be mentionedthat coal reserves are non-balancedana tpl thir;;ir!..-un"rrtly in arebalanc"a,l"t-uut*."J closed,and that reserves ffi:lffil,*Hltt' *o p'ot.ntiurand thar ihis mine is onry Anyhow' it shouldbe notedthat Kostolacbasin dividedinto existinq is a singrecoal deposit,which is artificially nef{s. tti; r"rtrn" basin also can be \"s-oi"f il;;t'r"a p'rpor" oru"tt", coalrecovery, ionsideredit .ur?.*, central and operationsare westernpart. At the moment,mining taking in the eastlrn part of minesKlenovnik IlTt the basin at open pit mine Drmno. Inactive andCirikovac arei".""o in trr...nt ;p*of the basin,while activitiesin the 174 westernpart of the depositwere limiteo.olt, to of reserves'central part -geologicarexplorations. According to of Kostolacuasin rrus zs-mirlionlo*., the Books deposit)'over g2 of balancedreserves (cirikovac million ,;;;;icoat in ,,on-uurunrd...ryrygs deposits)'and over 160million;;;r (Klenovnikand cirikovac of potentiar;;;;;, in cirikovac detailedanalvsis,_wiir' '"it"ii.;;;;;, deposit.Therefore, it is ffiilt?"nf"*T arpoteniiail"r;il", ror varorisation ;xH",,""::l#:J"'frTH:#ilx'"?:il:"i;:'l'T;f ht#['ilT,THt** j Plannedexplorations at Drmno depositshourd be completed #li#speriodwhi,eir,.nru,y;i;;,,;;:within five yearscycres, meanins ;i1ffi1;Tl#ffiiHJ3iT"'H:'f,lif*:ff I works andcosts for exploration,by types, i;lJltT"logical in singletime cycre is givenin Table 105: Overview of exploration cost in single time cycle Amount (€) Multipurposeexploration works Geologicalexploration works 1,000.000 Geotechnicalexploration works Hydrogeological exploration *o.t,

PlannedScopeofgeologic".uctionatDrmnodepositwill becompleted in 8 five-year with overallcosts or is 4'000'000 "y"i.. sz,ooo,oooc. cort orone five yearcycle €' i'e'. sbo'ood € p.;';um. Exploration of , yorks are performedaccording to t"g*ai;; rlcategorizationof :Jr:ffi: baranced,.r"i,", i*o higher rank of

Balancedreserves (t) Total (t) 5,766,350 79,761,340 21,366,760 101,129,100 BrownJignite coal 330,964,I g0 12,673,460 178,995,000 3,194,000 182,179,000 595,356,970 38,929,510 634,295,390

Kovin basin (protegjga not-protected ]na parts) has verified reservesat level tonnesof coal(5 million in norprotected of 271million part and,26i,oi,ion in protectedpart). Total geologicalreserves for Kovin co{jepgsit reseryes in protectedpart, fields A and B (Book in Kovin deposits,fields A ande, of coal )oiJi*i'iii,ig+,a22 t, comprisedof of B categoryand 141,68g,qg3t oicJ-category. 167,206,129t Balancedreserves incluied B andcl category

175 of reservesabove levelof 0 m' Non-balancedreserves Total verified belowthis level are42,7g6,g64 tof balanced-reservesroip-r..,ed part coal. category, in fields are266,107,75g1 where r65,575,7s1t are^B category _ATg_B of B+cr parameters and 100,532:907 , -" i:,' .ategory. of this coal reservesare: moistire'42:ss"i,'33.46yo, euarity in 20.42yo,s total r.*syo,s 0'64yo'S combustible0'59%, cok" in ash c-fix 1'l7sy", volatiles 23.33yo, 39'63yo'lower calorific value ti,lr+ combustible I t lztg, upp., ."r".in. 10,120kJlkg. minable."r.-", i'in.-d"p ""rue Mining lossesare l*jx:ffiTf,rHl ositare-226,107,7s8 t oi.-our. coal quality is Total reserves in nonarotectedpart of field A are somewhal0ver 5,000,000t of coal, with ;:lH'.TJ*ffi:Hi?33:rfilq-d Sconten, ir o-i{il.Aside orcoar, ,.,"*., orgraver are At the moment'Kovin project is a potentialproject, which depends studyfor mine and on findings of feasibility thermaipower piant. P.q;rti;;iudl, .onrtruction thermalpower plant of new lignite mine and with insialled.upu"ity_oi700 Mw,ln the will utilize underwater Kovin -"rri.ipurity. Lignitemine coal-miningiechnltogy, *hi.h'is alreadypresent smallerproduction rate (Rudnik in existingmine with K6vin a.d.);ft i, *iii Celocated in protected in part on left bank Kovin municipality, south b": settrement :L,:ilil "anube, "i *J *.rt of Dubovac Thisproject includes: - Development ofcoal minein protectedpart of Kovin deposit plannedproduction (fieldsA andB) in Kovin,with of 6 million tonnei per annum,foi underwater tonnesof balanced -ining of 266million coalreserves. Plannedlnu.rt-rii, into - themine are 260 million €. constructionof thermalpowet plTt with provisionalpower of 700 MW, according standardsapplicable to to all EU large toilers. PlannedinurJt-*ts into the power million €m while expected plant are 900 annualproduction rate is 490 Gwh of electritity. - Expected life of the mine andthe powerplant is over35 years. Requiredtechnical documentation for obtaining approvarsfor mining and energylicense for thermalpower plant is expectedin recent future. Thi, do.umentatioi is ieasibility study for developmentof mine and Feasibility study for constructionof thermal power plant. Both documentswill be developedin alcordance to Serbianlegislation. Upon completionof feasibility studiesmore detiiled data will be availabreregarding this project, which at this not defined'Expected parameters to be establiJhed il,:?tal"le b! these-feisibilitystudies are - numberof units-blocksof the thermalpower plant; - actuallocation of the powerplant; - actualpower of the powerplant; ' equipmentfor excavationof overburdenand waste; - equipmentfor excavationof coal; - priceof coal; - priceof electricity; - diversityand dynamics of sellingthe coaland electricity: - actualbudget and investments; - investmentreturn period; - otherissues importantfor preparationand realization of Kovin project. As planned,coal exploitation shouldstart on 2023.However, having in alreadydeveloped mind remainingperiod, documentatio.r,as well as existin! ,*p.ri*ce wlth unlikelythat underwatermining, it is coalmining anderectricity generation wilr starton 2023.

176 Stavali- Sienicabasin Sjenicacoal basinhas minablereserves of value llT.million tonnesof coal, with average of 15,000kJ/kg and s.ont".rt of calorific stateborder to Montenegro. .09gii.s;;;r;;re is locate;i,r*"rt"- serbia,near Mining at thislocation started in 1965. Prefeasibilitystudy j for constructionof thermalpower plant Montanconsultinq and mine at stavalj (DMT GmbH - o:A-t, Facultyof-Mininj *J 6."r"gy, sES TLMAip silvatia) Universiryof BergradeSerbia, was J"u.iop.o in zooi. i*iv *urysed powerplant' Plannedinvestment constructionof 320 Mw for powerplant are:zs mittion for connectionto €, with additional20 million € the grid' overati-iniestmentinto the €' while mine are estimatedat level of 90 million overall investmentinto the mine throujh;l;;'"perational million€ (31m€ for infrastructure, life of 40 years are 391 isi ^eror eqiipmrniarrdr0 m€ in construction). rate of mine is 2.3 million t of ffi:i:::i.iroduction coal per annum (inctuding60,000 t for It is necessary to carry out activitiesfor further analysis potential o{ availableparameters, given the constructionof the minesand thermal po*.r'*pJ"iri"r. fhe

r77 P'27'opening of replacementcapacities,for existingopen cast mines which andopening of opencast mines w1l stopproduction dedicatedto ni*',i.r,nar powerplants openingof new mines'i'e' expansionof existing for existing mines,a9 well as openingof replacement openpit -it., rhil-;il stop_prodriction,including ones powerplants are considered for mini" J;al*". to new thermal Kostolac,-Kotuuu.u,tiorrii una Sjenica single consideredproject coal basins. for Kostolac coal basin wasincreased or'our productionrate of Drmno open il:'t":: fi::;1", 13nll|[:r"1* p"-**-' iueto ;;'il;;;; or n'* brock rpp consideredprojects in Kolubara coal basin includedincrease production relationto openingrcf.Tild E,;il;;g rate of Fierd c in of Fietd E;r;-;"placement for mrnes'opening of Field G as a replacement Field c and Field D openpit for openpii.min..veriki crljeni, mine Radlievoin relationio equalizi"e and openingof for Tamnava ."ii;;rity and in later stageas west fielo mine' in t"t. ;r..quiir-.niilln"r.use a replacement minecan increase its production of productionrate, Radljevo ratefor possiblenew power prant. consideredproject for Kovin basin wasopening of new underwater to newthermal power plant, mine for supplyingthe coar with instaiiedpower of 700MW. flff':f;.tffiXfiill:lr',lil'iJ,l?:l;lliyr,r:,'#,y"lilrpranr whichrequires coarsuppry

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193 P.29.Introduction of coalquality management system seriousproblems are causedin thermal problems qower plants becauseof large variationsof delivered coalquality. aremainly reflectei through: - output power of powerplants declines below nominal level - dueto poor quality of coal; coal with low calorific valuecauses low efficiencyof boilersand consu-ptionof larger amountsof coalper producedMWh; - Low calorific valueof coal could causeproblems with maintaining steamin boilers, heatenergy pressure and resultingin consumingiexpensiv.j t - Low calorific valueof coal requireshigher "ii "r; utilizationof crushersto securehigher intake of coalinto boiler,resulting in largerelectricity consumption. coarhomogenization enabresmining ;1;::'1i:13r.::*#]Tlffi:J:,i,::i#,:,",#^o;::':1,,1ryy1':,Tn*y: ::?1lylyli.r a'. ur enlea ;;iiffi1]unis, ;ffiil"; :ffi il:ff ; lTii? l;lT:,H:l?l;,'5:::-lT':g:'99r"1'"*;t;ei;:#;"'il'i*HiffJ:;:JX':fili thefhp stockcfnnL yards).rro.J-\ ili;i"";;".:;i::,#-:ffiffi:Jl: failures,wrrich :oo;:::#:T'.',jlt"-:::,iT:j{-t.1::-,.:#ll,sJMWrower.no*r.t,;;;ilt"*;;il,il;ffi j:'.?*i" areresulting in lowerproductivity of ini"":::rji: power ;l'iliiL:J homogenizatio,,plants are 1200 Gwh, all causedwith insuffrci r.Jur'o"i*l1,lffi:ftli;"Ji'.,ll1Tji:'"i:":,Ttrflilt'y;around30%o or total*Ti:::':,::losses qLrv (or reductionof 370dwh)ffi'rJ".T'trffiili#'Jr:iffi;te , trl Dqve Lrp LU Truuuruuu t pgr year. coal quality managementsystem will be introducedat threet locations, therefore three projectsare defined: sub- l ' Introductionof coal quality managementsystem in westernpart of Kolubarabasin (open pit minesTamnava west field andField G, lateron RuJti.uo;; 2' Introductionof coal quality managementsystem in easternpart of Kolubara basin (first FieldsC andD, andlater on FieldEJ; 3. Introduction of coalquality managementsystem in Drmnomine - Kostolac. Thesethree sub-projects are on variouslevel of development: 1' Introduction of coal quality managementsystem in western part of Kolubara basin: complete investment documentationis finisired, active public procurementprocedure, selectedcontractor and currentlyat stageof baseand detailedengineering. Complete finish of projectis expected j+.+ at the endof 2017.value of investmentis -itilon €, financedby KfW bank,bank donations and EpS resources. 2. Introduction of coal qualify management system in eastern part of Kolubara basin: currently is in stage of development of technical and tendering documentation. Completion of documentation is. expected during 2017. Expected scheduL of the project depends on suggestedsolutions in documentation,but the project will be probably introauceoin stages, with utilization of existing facilities in "Kolubara Frerada" until its closure, and later on with constructionof new coal stock yard and crushing facility in the area of Vreoci village, which will be relocated.Planned amountis around90,0-00,000"€, financed from EpS resources. 3. Introduction of coal quality management system in Drmno mine - Kostolac: Completed technical and tendering documentation, tendering procedure is expected during 2017. Expectedfinish is 2018. Plannedamount is 5,225,2i06, financedfrom EpS resources.

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v) tr (/) () 8 o.) aa o $qi E3 o'tr o C) Co =()dL{ 8 gE E .9F E boo (d (D (l) OF oo.9 I E xn F.= .oY .5 J:.c A 'qs8trtr2: SFFF Eq s'= x h0 3-USb 8. ) x.4 3H Eirt> E.= 9 ;i tl. = p€€ 6) , H C)Edd E5 &z I O 6-} E 3'6'3' sub-sectorof Environmentarprotection in coar sector Main environmental protectionaspe,cts in and prevention coal sector(required environment measuresfor not allowea impactassessments besideall i*pu.t) il;"'area of coal the legislationlisted ii chaptert;;;;;;igllly "nuiro*Jnrui mining, GeologicalExploration ,tipurui"i-iv-i,i":.#riri"o Law on Mining and (official GazetteRoS, no. r0l/20.G2 mainlydedicated to reducednegative in this chapterare i-p;;i;;;r on the environment. I one of the on-goingprojects ""rproitution is commissioningor new Excavator-conveyor-stacker svstemin Kolubarabasin, (Ecs) as u o*;^111.1;;j:; I-p;ove mining to increasethermo power plants technorogyin MB Korubara efficiencyand to ,.dr.. its environmental ,,, undercredit of EBRDand impact which is kfw uantsat revelof 140m'lion €. Purposeof this project is to securereliable and continuoul.supply of naturalresources' of coal, rationalmanagement including reducedpollution of umui"ni'ui., plants using coal from .u,'ounding-i-po.*.e, thermal power Koliu*u^ u^in P."*i;Js. technologicar environmentalimpact through regarding harmful substances *.1 as socialimportance. of-the-artenvironment protection "r Therefore,state- measuresare applied,in order ,J *iri-i equipmenton the existing environmental ze impactof the conditiJ,i^ip".iul attention*u, giu.n ro'th" purpose orelimination to spot and Itriffi:#,Xj|:t :il*Ts, orth"i; i-p;; onthe enviionment Regarding noise protection, all requirements are met defined by standard ,,Acoustics descriptionof measuringand assessment of noisein the environment,,- part I ,,Basic assessmentprocedures" standard valuesand SRPSISo 1996-l una p* 2 ,,Establisirment the environment" standard of noise levels in SRPS tso tqqo-2, *rri.rr uJ. identical ISo 1996-22007 to standardsISo 1996-l and "Act on noiseindicat"^, iilil;;litu.., indicators,disturbances methodsfor assessmentof noise andharmfur effects of noise-inth, no' 75110)requirements (officiar GazetteRos, of Action plan for environment"nuironment,,protection improvingcondition (ESAp from projecton of environmentln lf"l."b*? ;;;Ll *a poricy andsocial policy of environmentprotection of EBRD from 2008.Maximal bu;i ;inoise to "Act on aftei commissioningw'l concur noise indicators,limiting values,methods disturbances for assessm"ri noise indicators, andharmful effect of noisein the environment,,. "r For zone4 "-residentialareas, trading-residential ,$ playgrounds,,,according this Act' definedmaximal level of noise.durlng T.?: to i"yrit* is 60 dBA, *d fo. night-timeis dBA' Most recent meas'res are applied. 50 f". ;;;;--r^uppr"rrion, causedby surfacemining technology'which,are.also-used on op.n pit minesin Germany.Equipment used in the process onbeli convevors with balance-G 16, of lnf$}|,:1loj|.:i:*t(rollers "'.r"r'r. beltconveyor conceming protectionfrom impact of suspendedparticles, limits, all conditionsare in accordanceto tolerancevalues and limit of tolerancr;-J;;;ed ,,Decision Republic by of Governmentof of Serbiaon conditionsfor monitoring*J r"q"ir"ments Ros' of air quality (official Gazette no' 11/2010)and requirementsof ActiJr pir-il Project environmentprotection (ESAp from on improving conditionof environmentin policy protection K"i;*a basin)and of environment andsocial policy of EBRD from 2008.irri. nonns o1*1tive if in completecompliance to providedin EU Directive2008/50/EC (Directive cleaner ioogtsoncon u-dilnt air qualityand air for Europe,official Journalorine ruropean union L 152/31 t1.6.200g).Air pollutionis measuredby monitoringand -ur*ing.onJ*tration of suspendedparticles (pMl0, PM2'5) in air' takingsamples and tf,eir analysis. Tf,is areaalso included most recent methods for dust suppression(instalGd water sprinklers on all transfe, points or -ut"riul, starting at ,TJiffi:ilff;il'lr'rlll"'l"u'vo" tothe stackinet. o*t suppressionisarso performed uiong same approachwill be usedon new EC.s system(vI ECS system)at open pit mine Drmno. Also' all new systemsoperating in EPS mineswill utilize this systemi"; prorection. ";;i;;"-ent 200 Reclamationprojects of degradedtenain wascomplered for ail openpit mines *"* LawonMiningandGeorosi;;G;;#ffiil*Tffiil*Tj :::":::l^::*i:"*, i",._,ii,",iJ;;;p, auow(Remark: ";;;oAccordins .xTi,nll;rorhe ;'xrJ:i':#ffi ll,:,it"ilfr:;"ffi I p'Gi' reclamation,which u." iltT#f#ffi',rffi:;l"t';t "" "*..itJo-;;;,the conditions Monitoringof surfacewaterquality released-into recipientsas a pry o{ drainage, on all openpit mines.Also' controlof ground is takingprace waterquuri,y ir organizedthrough wells.

201 3.7. Sectorof Enerry Efficiencyin EnergyConsumption Energyefficiency in of final -area energyconsumption and energysources ("official c-"tt. is regulatedby two Usl?:t^ll.]llaweo r Eniigv Law (" o rn ci at cazettii ot'theRepublic of serbia,,.no. I 4sDot4\t,?.qnA+rea Df,,^:^--r requirementsof Directive ;' ;'il ii;i ril iiiri Ht#"' flff 20061321ECabou, ll:ffi*.tgy rfn.i"n.y 1?J services(ESD) hav-e of final cJnsumptionand energy b9entransposed. In the *."iititr. nirective formed Directive 2012/27/EtJ ESD was repracesby a new- uuout Energy Eifi;i;6'Directive (EED), implementation'for the whose obligatory signatoti.r oitr,"b-o?,u"J.;fi,,iJ,gy community theend of 2017 in estabrishment,starts at ' accordLceto thed..irr"" ffi;ri.rial from october counci| (D/2015/08/MC-ENC) 2015' Decision definesout the"iil terms particular and requirementsfor the performanceof EED regulationswhich aredifferent ir;&;;ri"',rr. directadjustment membersoi,rr. Bu. Eventhough with new Directiveii: beenirade yet, useof Energv l"l the aforemention.olu*r, primarily Law("offic iat Gazette' ii-. iirzor3),;; il;"ry Hi#:fJt "o-priantwith its In additionto theselaws, the areaof.energy efficiency il tl" building sector Law on Planningand construction is regulatedby the ("offili al Gazettlor,n" Republicoi j"ruiu,,, 8l/2009- corr" 64/2010- decision, no.72/2009, )!,?9t1, t2t/20i2-,'42/20t3- decision, 50/2013- 9812013- decision'13212014 and'14512014) decision, and..r",.a Delegatedlegislation: Regulations energyefficiency of buildingconstruction ('om.iui--C*rr" on of the Republicof Serbia,,No. 61120ll) andthe Regulationson the . condiiions,content and manneroi issuingcertificates energyperformance of buildings("official of Gazetteorit n.public of se.biai, no. 69/2012). Action plan for energyefficiency is the " documentused to plan and implementenergy efficiency improvementsin accordancewittr ertict e 7 of th. Effi;;nt Use of EnergyLaw in serbia.The 3rd actionplan for.energy efficiency for theperioa rro- 2016to20lg (,,offi cial Gazetteof Republicof serbia",.no'1/17) (3ri the war uaffia uy th" Governmentin late 2016. APEE was preparedin a format lPlE) 3rd that is defined by il;;;y community, in accordance requirementsof Directive with the 2006132/EC,but also includei a numberof futureimplementation elementsconceming the of Directive20l2l27/EU.3rdApEE comprises:(l) national for the periodof 2-016-2018.(2) savingsgoals Measuresfor the efficientuse of energy,activities, responsible for activities,deadlines and evaluation.of the ,*p".t.d ,"rutt, or eachof the measures the set goals,(3) financial, to achieve legal and other instruments for implementation plannedmeasures of the and activities,and (4) Ratingstn. Jr!r"""nvisaged of rcalization savings of the plannedenergy goalfrom the previousAction plan (foithe p"riJJ 2u0-20r5). 3'7'l' The Goalsin the Area of EnergyEfficiency and Indicatorsof rheir Implementation From the point of defining the goals it is importantto have in mind the fact that the goalsby 2018are definedby the signatoiies of the contract of Energycommunity establishment and in accordancewith Directive2006/32lEC, asfinal energyruuingr of gvoiotrr. from 2010 2018'By Directive2012/27lEU, f.riod to the Eylopg-11Union adopted the goalthat .n.rgy consumption in theEU in 2020must not exceed 1474million to. oifri-ary energy,i.e., l07g million toe of final energy'For someState Members the individuutgo;dure not definedin the Directive,but it is recommendedthat countries reviewtheir.nation"i;";i; in orderto fit in a commongoal. part of the implementation As of this Directive, tfr. sigrrato.iesof the contract communityestablishment, 9t of Energy energyconsumption that doesriot exceedl g7 million toe of primary energy'i'e'' 133 million toe of final energyis definedas the goal. pursuantto this goal,the indicativetarget of the Republic of serbialr tnut p.i.ury.nergy consumptiondoes not exceed 17'981million toe of primary energyand final doesnot exceed13,103 million toe of final energyfor "n.rly".onsumption energypurposes inzo)0. Defined valuesare greaterthan the projectedones according to the refeiencescenario, and in particularaccording to the scenario with the implementatio^nof energy efficiencymeasures oi ttr. energyrtr"i"gy. Also, dataabout the implementationof the ettetgy balancein 2015, show that the rcalizationof both. the 202 consumptionof primaryenergy (15,05r milriontoe), and the finar enerr, million toe' which includesojz ir,"LLd ,on*o*nffi purposes) toe for non-"n.rgvand g,r59-milrion is significantlr bglorythe projected toe for energy so consumption-u..oraingto both designed Serbiawill striveto maintain'ffi the treno scenarios thereverorr/..o.-pfi of achievinssavinoc nf ff-or 'Ji"f# energy ffi:X:ffi h:#ff Ttii::l'Jil'r::,:#,.#:?J;*ffi consumptioi-19-1-t"rmsof piimu.y.n!rgf-Nu*"ty, I growthof 3'6Yoin primary thereis spacefor averageannuar energyconsumption urii, the averagegrowth energyconsumption for of 9.9%ofortotal final energypu{poses initre p*i"l up tiozozo. Projectedreduce of greenhousegases emissions-cauledby an increasein energyconsumption has been energyefficiency in the calculatedusing the foil;"g emissionractorsitrat by energysources,for final ,onr"_ftioil aremultiplied fr*t _ 0.2g7tco2A4wh heatenergy (emission factor loilealinj of the produced with which it is calculai;ii;. Energy energy- l '099 tcozllvlWh Strategy), for the electrical (combinedemission factor roi ih. proari.tion electricpower system - oi?i".t i, energyin the of serbia nationalemission a.,oru for derivate(an emission 2017),2,954tco2/toefor oil factor*itrt *rri.rr is calculateJin;h"Energy coal and 56'1 kgco2/TJ Strategy),Igrkgco2/TJ for fot nalral gas (sourcefor last two: Ipcc GreenhouseGas Inventories- Guidelinesfor National Stationarycombustion, their values strategyas well)' calculation *" ,..0 in the Energy of projectednet reductionin emissionsof greenhouse increasedenergy efficiency in gasesdue to consumptionwas madeon the basisof differences consumptionof two scenarios"n.rjyor itre in the Energy strategy'^r.ference scenarioand scenario implementationof energy efficiency with measures.eio.iectea net reduction in greenhousegases due to the implemerrtation emissionsof of measuresamounts 6,669.54g in2030' It accountsfor about 8l% oftn."n"rgy;ificiency IntrrrJ"d fotrSo"n nationalspecified contribution for Sincethe fall of final energyconsumption is greaterthan the fall in consumptionof primary energyit is obviousthat measuresthai have u9!n i-prementedto improve.rr.rgy efficiencyat the level of final consumptionproduced significant rirurir. on the other hand,measures in the sectorsof transformation,transmission and distributionof energy were not identified in the previousaction plans' Greaterenforcement-of energyeffrciency measures in these expectedas a resultof the sectorsis implementationof Der"g#; tegislationof the efficient Law' primarily Rulebook useof energy and the Regulatrgry-tr,utpiescriue minimum requirementsfor energy efficiency new and reconstruciedfacilities for the generation, distributionof electricity transmissionand and heat. Measu^resof efficiency in energy transmissionand distribution "n.rgy transformation, are subjectof chaptersth? anatysethe Program'The specific areaswithin the measuresand activitiesrelating to final energyconsumption in this chapter. are mainly discusses Accordingto Directive2006/32/EC and by Decision200g/05/MS-Enc Ministerial council of the Energy community of lsth Dqcelber 2009, ,ignuto.i., of the contract of Energy community establishmentare committed to achievefavings goal of 9o/oof final energy consumptionin the periodof nine yearsstarting in 2010.The referenceyear for the Republicof Serbiain respecto{ryhich theperclntage of ,uiing, is accountedis 200g,because of thereason that at the time of the Decision implementation the most accurateavailable data on energy consumptionare taken from the Eneigy Balancefor the year of 200g. The plannedtarget that wasestablished for the first time in the iramewort ortne nrst Action plan for EnergyEfficiency of the Republicof serbiafor the period from 2010 to 2012,was confirmedthrough the 3rd APEEas expected savings of 752.4thousand toe by 2018.According to the analysisin the 3rd APEE' the savingsof 308'3 thousandtoe was achievedby 2014,and projectedsavings up to 2015amounts 370 thousand toe. value o1r1rt-rsr*" not pro;".tedfor )0rc uoa20n,but only the final savingfor 2018. Having in mind tha'ttte managementsystem is only just establishedand that its most sigiificant "n"igy effect can be expectedin 201g, and that a similar conclusioncan be applied^tothJ implementation of efficient of tires in road vehiclesand the markingand monitoringof fuel qualiiy, the assumeosavings per year in orderto realizetheset 203 il:?,il*ffii,':'lff;;flHJi'"i.,1:':,lrri.::"li1i"iis^rormedlased";",,"-*; :}friff ;il'T;""Hi.l1;*l"l"c"$-y;ii;:";illt#il';1t.*:",T*H.'*fr "r Tffi::; I achievementbv i ilJr.",",,i#,i"i,#;i;T,i,Jlfrr,l;,'"Jl?,1!,i111 ;:ilili:,ifi#i"yl':,?1.,?;1,,ivears or rcatization oii'. 3rdApEE *. ,ilJil1il f":ffHt#il,.: trJ# no"1:n:Tgvsavings achievemenr per "?t;JLT::J:?"::#*:I*:1,1o:l :r vear, Year 2016. 2017. 2018. rrnat energysavlngs (thousands of toe) 448 545.5 752.4 During the creationof the 4th and Stt apEp analyse "apnswin be $ffiintl;.1TJ:?::t:::,:n:^gT1.of 4thand 5th APEE the goals 1"1":g:t^,9i1. done-ouring the creationcreatton ruitne period20tg-2023.years will bealso o#H]H:e The implementationof two measurablegoals in termsof energyefficiency, which realizationis obligatory,was imposed to serbiaby Direct ive 2012/27/Et-1.r[u., underarti"t" 5 EED requires from StateMembers annual ..nouuiion.of the centraigovernment,sbuildings, which areais 3%o of the total areaof all buildings of llr.centrai gou?*-.nt, with the aim or implementing measuresin orderto improveenergy effrciency.rfi" uuou. decisionof the Ministerial council, for the countriesthat aresignatorieJortn. coniract orErr"rgy communityestablishment, defines their obligationto improveenergy efficiencyin tne iv" otihe heated/ cooledarea of buildings which areowned and used by the central govemments.In that way the building achievethe least energyproperties defined by Article 4 ofDirective 2010/31/EU.Signatories of the contractof Energycommunity establishment have the obligationto-establish and make publicly availablean inventoryof heated/^:"^:t:d centralgove^rnment's buildingswith a total areagreater than 500m2 by theJanuary lst of 2017 and,,startlng from20l9,*ith; areaof morethan 250 m2.Afterthat they needto realizethis goal according to the formedinventory. Realization of the goal should be startedin20l8' It should be notedthat the reconstructionof buildingsof centralgovernment shouldbe part of the wider renovation Strategythat is p"n the measuresthat shouldbe taken in orderto meetthe requirements "r of Article 4 of Directive 2012/27/EU.serbia has begun with theactivities on thepreparation ,,TABULA,, of this by participationin the projectwhich primary goal was the categorization {r1te{y of the-buiidinguyine year of construction,construction styleand energy demand for heating.The seconautyioa wasdetermination of energyefficiency measuresin residentialsector. "project Participationin the is enabledthe assessmentand the categorizationof the housing stock ln serbia. Renovationstrategy shouia include all the buildings:residential, commercial andpublic. Implementation of thelroject aswell asactivities in orderof establishmentan inventoryortn. centralgovernment buildings was helped by Glz. Countriesthat are signatories of the Contractof Energycommunity establishment are obliged, by the transpositionof Article 7 of Directwe 2012/27nli, to achieve-cumulativesavings during the period of 2017-2020in the amountof 7Yoo_f the uu"rug"final energy for energy purposes(according to "on*-ption the definition of the RepublicInititute for Startistics)in the period 2013- 2015'The consumption of energyin transportcan be exemptfrom this amount.same obligatory schemes,related to distributors and retail companiesthat ,"ll are establishedin orderto achievethis goal' By "rr..gy, theseschemes distributors or retail .o-purri"s are becomingobligatory partiesthat ensureachievement of the mentionedsavings in final energyconsumption. The goal, elaboratedin detail through the directive,is realizedihrough th" uci'i"uementof new savings eachyear, starting from January lst in 2017.The savings amount to o.7yoofannual energy sales to final customersof all energy distributorsor retail companiesthat sell .n.rgy to the extentthat is an averageof the last threeyear in the periodprior to i Junuury20l6.while doingso, the sale of energyin the transport sector,in termsof volume,may be partially or entirelydispensed from the calculation'The Directive gives the possibility to realizethis savingsby establishingan obligatoryscheme for the energy efficiency, as defined in paragraphI of the article, or by applyingthe alternativemeasure, definedin faragraph9, in accordancewith paragraphsl0 and 204 I I of this article.while doingso, the amount of savingscan be further,".0u.* o *ffi -.urur., in transmission,|,::X||!* i*i:,::ij*:_"_rq the ,;"; of ftansformation,distribution and includingefficient infrastructure of distri; i'J,il;'"ffi*t"""?,,lL"jtflljt* I measuresthat has alreadybeen implemented, fi: startingfrom 200g, are taken into largestreduction in the required account.The savingsin that .u"." be 25%oof the calculated Paragraph2 of Article 7 definesthat "* value. tf,e saving, with a reductionof 25yoof calculatedvalue can beallocated per y-e!r.,In "J"urut"d the that'wayMember State have obligation to savingsof 0'5%oin 2017,an addiiionit achieve o.syoin 201i, unJ tn.r, an additional 0.7yoin 2019 0'7% in 2020' on the other hand, and the cumulativevalue of energythat needsto reductionof 25% is calculated, be saved,if the is lower for 7.25%ofrom the uulu. which the savingsper year is catcutatedby using definedby paragraph2 of Article 7 ofthe Directive. Giventhat' basedo^n the energy balancefor 2013 and20l4and basedon the previous RepublicInstitute for Statisti". dataof the rot 20l5,the final consumptionof energyfor energypu{poses, with the exceptionof traffic, respectively were: 6,iaf.e thousandtoe, 5,75g.gand 6,123.3 thousandtoe, the averagevalue oi.on.u-ption in relationto which the requiredsavings beenaccounted is 6,106.5thousand has toe.Indicatorc of porrible realizationof the implementation of Article 7 of Directive 2012/27lEtJ accordingto the scheduledefined in paragraph2 of Article 7 ate givenin the following table per year (Jecondrow). However,estaulisiring a mandatory schemefor energyefficiency requires a seriesof coordinatedpreparatory activities that would be implementedin Serbiaduring zotl ana2u8. rn" ir *rtv it shouldbe kept in mind that, if this is determinateto be the best or one of the optionsfor implementingArticle 7 of the Directive, implementationcan startearliest in 2019. tn ttris ,.nrr, trrJtable showsthe revisedindicators of the implementationof the member7 . TheDirective z6ntzl tFic.assuming that implementation only by applying obligatory schemefor the energy efficienc-y [rT#:^o in the Republicof If it is assumedthat investments in measuresof energyefficiency incensement are proportion annualsavings achieved to throughthe implementationif thesemeasures, it is of greatimportance to startas soonas possible with the implementationof measuresin order to achievethe goals definedin Article 7 of Directive 2012/27/EU.If the implementationof energyefficiency measuresfor achievement of savings,that areprescribed by Article 7 of Directive 2012/27/EIJ, could be implemented throughoutihe eueryyiar in the period 2017-2020.and in the manner zuggestedin paragraph2 Article 7 of Direciive,(second row in Table 127) itcan be shownthat the total investments would be approximately36% lessthan the amountrequired for investment assumingthat implementation is realizedonty uy applying obligatory ,.h.-" for the energy efficiencystarted from 2019 (third row in the Table izz;. tr,"re valuesclearly indicate the necessityof beginning Ylh the implementationof other measuresfor improvementof energy efficiencyin order to achieve the requiredcumulative savings defined in Article 7 as soonas possible(primarily providing by largir and more stablerevenues for the work of the Budget Fundfor energyeffrciency). Table 127:Indicators of two possibleways for realizationof the implementationof Article 7 from Directive20l2D7nU

Projectedannual savings in final energy consumptionexcluding transport if realization startsin 2017(thousand toe Revisedannual savings in final energy consumptionexcluding transport if realization startsin 2017(thousand toe

20s Note:CumulativesavingsthatRepubIicofSerbianeeds.o*- reducing bv 25Yo'if savingsh*;;;;;ready rhe other -.urur& .i;;; "hi;;'li inrrastructurein the sector of anffi:Tffj:"*.oli,,i:y::"::",:nfFili{ff;ri,?.,*,dco orin g, and if the -. uru,., ;r,#; il:Tffi, ordistricthearino into account'is lower thanthe uutu" lr; ffl;,Ht:1:ffi'f#i iHT,:if :i ,ho*r, intt i"ii" *a amounts320.6itrtusano one of the tools toe. i availableto encouragethe implementation energyefficiency of measuresof improvement is the Budget ru{ ro1 .;.rgt ;ffi;i.n"y. of million RSD is defined a, part of the nudget Fund, 160 fo-r the imptement"ation^'li,n.rgy governmentsin 2016' These efficiency projects in local funds are small and insufficient for plannedenergy effrciency p.o.i..tr. po, the implementationof all improve r"l implementatifn of theenergy efficiencv "*u*pi.,irjtT;"ruand ""r, measuresto plannedfor implementation "ru"irairlr com^m.r"iui,..tor (JKl measure, in the :rJ- eitE; ,h" ;;;;*y per year' one fundsare estimatedat 5g million € of the possible mechanir.r ro, inrr*sing introductionof fees the ;;;^;f the Fund is the for.energy *J.n.rgy sources.The annuallycould meansof approximately9 million € be provided, by introduct-iorri rrla, products d, and the energysources (oil andnatural gas) in thsamountof 0.015 "n"rgy shoutd ptir. nJnruwriut This becanied oY. a; eartyas possible, pl.f.dl;;;y j; "r.;t inur.. activity prescribedby r;i;iffii !, to rearizesavings Article 7 of Direciive201i/2lnv wriiitre means' Budget 'i;rgunizationstowestinvestment. Arong with this Fund collects funds^from donati;;; subsequently and funds) which are distributedto the users.-Dueto trr" the il-it"a )n"*r, the BudgetFund has,defining funding for projects related to local gou.*rnt, govemments on]v The cycle of projects for local is time-consuming,since it prE uppo*r year' irr""uaoptionof firrun.ingprogru- for the issuingof public calls, selectionof pio:..tr,-ilplementation procedures(in some of public procurement .cases,local governmentshad to a change procurementplan for -make in budget and in the currentyear) and realizationof the defined necessarythat Budget *ori. consequently,it is Fundhas the r.rour"., to carryout as to finance a newpublic call for eachyear,aswell the implementationof approvedand contracted addition projectsfrom the previousone. In to the incensementof the uoiurn. of projects the financingi' th"puulic sector,increasing Fund'sresources is necessaryanJ in order to J.plementation of projectsof energy efficiencyin other sectorsof energy consumption."iuur. It is necessaryto strengthenthe capacity the Ministry in chargeof mining #d of to carry out activitiesof Budgit Fund,considering thatthe Fundrepresents. only a b-udget"n"rgyline, andthat alt worksare performed by employeesof Ministry in chargeof mining anderiergy. the Using the meansfro-^ the Budget is defined by the Rulebook of the conditions distributionand use of. the Budlet {und. for Fund fund.sior inip^.uing the energy efficiency Republicof Serbiaand the criteriifor of the exemptionfrom performingun overview(,,official Gazette"no' 15/16)'This act defines "n.rgy who can u" u urJiof the BudgetFund - legal personsregistered or with residence and natural on the tenitory Republicof serbia,with on the users:(t) Tlre "iirt. an emphasis local self-govemmentunits ihat are in the devastated with the regional areasin accordance developmentIaw, as well as other local self-gorr.*.n, householdsector (individuals, units, and (2) the buildingscouncil). All proceduresfor the allocation accuratelyelaborated in of fundsare the mentioned-Rut.uoo(*i.[f, n shouldbe noted: - a uniforn useof BudgetFund fundsis providedfor the units of local self-government the limit thatonly oneproject with of a local r.rr-gou.rn-Jnt unit canbe financedper year, - defined criteria for project selection(maximizatron of relations between investment'the share savingsand of own funds,payback p"rioJj *. providedthe theusage ofresources, maximumeffects of - the measuresof energy-e{9rency, which are- the---- subject---' of financing,and in accordance with themeasures of 3rd APEEare-defined It is necessaryto nlgvife sig^nificantlygreater resources for operationof the orderto achieverealization BudgetFund in of the gouir ir the area efficiencyby 2023.It "i;;;r;y is necessarv 206 to develop othermechal]sms for financingthe BudgetFund (the introductionof feeson enersv - #lirf,potential amendins of ifa to-^r-^*^*--_-1**j;.*ffi , T:ffr ill"J#?iffii''*oritsregai"';il;;;H"ffi":T"'l#','"1,ffiil'n'"Hfi "-*,::,,:n"',r,.,,***,*-,:r*":I'#tri;:f ,ffiil?':l,lTHfl In accordance with the possibilitiesproviled Gazetteof by the Law on Efficient the Republicors"tfi";, no: Use of Energy(,,officiar #;il;l".25/20r5y,-iii, ,"rommended that locarserf-government ,13ff.f.Ti:l*'iffi"H',ilrtl:rli';r enersyernciency ina manner sim'ar to 3'7'2' and Activitiesfor Their rmprementation I 3##T"X1#;tu""t in rheArea of The list of measuresin the area of energy efficiency was defined based on the 3rd ApEE. In the f,n';T,'i;TTJil:t;*iJ;1ffi#lf il**##:;,Tp;ffi l:ilJmeasureswhichare In addition to thr of Directiv;;6i:;#;:i;,r"r,hlf,i"lar anentionwas paid to imptementing estabr ishme* oi,.r,._",,:, measuresrequired monitoringof 'h1T:ults G"ff:Jil ;.trf X?:X.t#rr"ii#l}i of nearlt"u*tt:9" r*r"Lr'i-prementation f * :g"ni,* the energymanagement system). p"iioai"ur.r.J"r^"inew lsuctras the introductionof (4th- forthe period actionpran for energy t'omio'ti ii)on,una trr"sti^- efficiency as a specialmeasures ior.r,. periodiozz-zozq.) are considerei also' Theseaction pr*, -. aocLents ;;;';;rnewo,;",;;,;, that will incrudeanalysis of the :fff$:i-"H[:ffi'"T:' shourdbe impremented in the period The Efficient use of EnergyLaw predictsthe introduction level' in the gnergymanagement industrialsecior *J i" irr. *." 9{ at the local measure "i;.-il#"tr"ililJ;;,.which is especial)yhighrighted that shouldbring significant;;"G "i as a mandatoryenergy prescribesthe imprementation overviewo:t system obtigJd .ntiii., of to five years *ithin the prescribedperiod of for s{sJemobligei .ntiti., in'tt, time (one system iro"roi.i sectoroand oncein ten years obligedentities in the areaof building for the establish ;;;;n). This systempredicts a systemof training and licensing a schemeto ,;rin.d ;;;;;y managersand will reportto the competentMinistry energyadvisors who rh.g;gffiffi"r"tyL*r (energy implementmandatory energy overviews leporrs managers)and (^el:rry aauireisyThe plan i, energymanagers in the first quarte, to a systemof otion,Tttrt irr. n;t reportsof "rtuurish Ministry in charge.of minin! energymanagers to the ;;-energy sector expectedin managementsystem is considered late uitr, 2017.Energy as the ulri. 'nruru*h. improving sectorsof energyconsumption energyefficiency in arl andtherefore it it rp"rJn.d'u, u special measureseven though it is the part measurein the reviewof of the measuresihatshould be implemented overview of measures in the 3rd ApEE. in the areaof energyefficiency, which implementationof Plogttl,it sloyla be implementedduring the git;;;; th; foilo-wi-ngiuuir. a",iuities measuresthat areestimated for the implementationof from :ro APEE *, a"rriiu.Jl a"ruit arenot re-homingin the in trrepran and therefore they Program(it is only pointedoui irrut APEE. their descriptionis given in the 3rd

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I b.E (* u) e S"h v6 () (+{ Fp se€H a E$F$ FO)0)* C) EE ooh rARFv =.= o (,) z eE€FsEf E H,EH 4. DETERMINATION OF'PROJECT PRIORITIES In order to collect information on strategic treatment infrastructureprojects in the of individualprojects on u n*monirro energy sectorand -*.r, u, r.il asthe optimar of theRepubric way of investors projFl*?ect ffil*r'irlpiperine,, r:i:"1'; ; i;J "*:-qent of serbiahas formerr sin-,o significantlycontribute il. il"lgto the l+rr [: ff'#ffJ:i::?::,,H achievJment_|ilof Effi the ,tlt.gi. objectives, f#:l Tilf,f projects,as well asthe urr.rr*.nr;ii;;;:ffi"ilr'iiiXrr:,r) the prioriti zationofthese Govemmentof pioject reatization, the Republic rt* f"r-.;; -of.the the Prioritizationof Infrastru.ct^ure "id"tui"pi"J..ir'r591 Methodoiogvro, Selectionand *ril c"#;;n", toi I methodologywas applied for the l* i'nit-"?.ntation[60]. This utt"*,n"rr, of projects"pJ.in,irru,-iir,. u." subject program not part of the Single list, for of the andwere future inclusion ,ni, rroposition Singlelist is disolutitai" tit" ruli.-rig. "" of amendmentsto the rn"list doesnoiln"rua, p-:..i.1" ri,,*i' u.,o,,ou"t"i te. fierdof mining. 3"":'trJ[:Jffi'#:j;;;t't"';;t.-Jinrt. "il;;;^;,.i;".,ranking w'r Selectionand analysis of projects that are subject of the program the strategicobjectivtt atnn"J was carried out on the basis of li ,F enlrgy-si;;ry During the process determinationaccording to ttt" rur"moaology of priorities were r5E ;;t;timated ttratsome strategic underestimatedin the assessmentsystem objectives criteria asiefined in the strategicRelevance in the Energy rr-this Assessment assessment rse-cto1roit. sense-it" urr.rrment systemand parameters has beenredefined, as welt for adequately ',rr..*.ig;il; factorsof particurarscore comPrehendthe impact of projects3 in order to Energy to the iealizationof the goals defined strategy'The new t"o.o *e a.i.rmined by the in in il; ;;g" r-5, and the weighting the range 1-3' overview of o"* ,.or"s factorsare by individual effects of projects, as aggregatedscore is givenin Table130. well as the In Table 130are particularly emphasized projectsthat arepart.of the single project pipeline the Field of Energyand projectsof internationat in Infrastructure importancelists: Energycommunity priority Projectstisi p-Ect u"o rna9, E*;p.;a;;mission projects list (PC!, westemBalkans Investment,lrry:rygt of common Interest Eastern f.i.rr, rist (wBIF), centraland sourh EuropeGas c^onnectivityproject list (wB6) rcBsgcl, w"stern Balkans6-initiative projects list and group of projects'that"wereallocated'hrnds under severalrounds of bilateral fft.f:tffiHfft}ff:Jf.Gou"--"nt ortheF"d;;;iR"p"bric orc;;; andthe Government Table l3l preseno.p.toi-":trankings consideredas part of the programin accordance scoresfrom the Table 130,where-for^each with the proJ""t-isgiuen tt. following set of information: responsibleentity' a brief descriptionof the p.j..t, u u.i.f ou.-i"w of the-strategicpriorities the energystrategy to,:-!:l tit. proprt of contributer,preparedness of planning and technical documentationfor implementation,inrormatioi ;; ir";ia.o funds ," nr"r." the project, review of project tealization main a risks, project dJ and imple-"rrtuiion period realizationof the Program'Presented.list during can u. rul1.o.d to changeaccording to eventual changeof the Program'There is a requirement reportingof the program realization which canproduct th3q: of the rrogram "id;; in accordan.l*itr, the EnergyLaw (,,offi cial of theRepublic of Serbia",no. t45/2dlql. Gazette

212 IL

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