Established in Belgrade in 1951 as a design and consulting company for electrical energy generation, transmission and distribution projects within the Ministry of Energy.
Between 1960-1970 Energoprojekt System extends its activities to foreign markets including design, consulting and construction of hydroelectric power plants and land melioration in Turkey, Lebanon, Algeria, Syria, Pakistan, Afghanistan, Jordan, Tunisia, Egypt, Morocco, Ghana, Liberia….Energoprojekt System starts opening companies and branch offices abroad. During this decade, the Group has constructed more than 60 water treatment plants of various types and capacities, 24 concrete dams, 34 embankment dams, 25 thermal power plants, more than 50 factories and 30 industrial plants and production facilities, as well as a couple of thousand apartments and hundreds of residential buildings.
At the beginning of 1970 business expansion starts in the field of investment and construction projects with new contracts and at new markets. On Turn-key basis, Energoprojekt is executing multi -million worth projects in Uganda, Botswana, Peru, Kenya, Iceland, Central African Republic, Zaire, Gabon, Panama, Libya, as well as in other countries the System is already present.
In 1980 Energoprojekt System is ranked on the ENR Lists of Top International Firms as the sixth among Top International Consultancy Firms, 20th among Top International Design Firms and 27th among Top 225 International Contractors. Till present days, Energoprojekt System is the only company in the Region permanently ranked on the prestigious ENR list of top world companies. In this fourth decade of business activities, Energoprojekt intensifies its operations in the OPEC countries: Iraq, Kuwait, Iran, Libya and Nigeria.
Due to war and breakup of Yugoslavia, as well as the political, financial and economic isolation of Serbia and the Persian Gulf Wars, some of the international projects had to be aborted, some of which had been resumed later on but with significant expenses. The System’s network of branch offices and companies helped maintaining the System’s presence at foreign markets, resumption of the projects’ execution, as well as obtaining new contracts in Russia, Kazakhstan and China.
In September 1998 Energoprojekt starts the ownership transformation, transforming the company from a socially owned into a shareholding company. Today, Energoprojekt System consists of Energoprojekt Holding and 9 subsidiaries.
Energoprojekt Holding started the IPO on the Belgrade Stock Exchange – Standard Market. Energoprojekt Holding stocks are integrated in Belexline – the Belgrade stock exchange index, as well as in three other indexes – Belex 15 (including stocks of 15 companies with the biggest turnover on Belgrade Stock Exchange), SRX (the index founded by the Vienna Stock Exchange, including 8 most liquid stocks) and Dow Jones Stock Balkan 50 Equal Weighted Index (including 50 stocks in total from Slovenia, as well as from other Balkan countries with the exception of Montenegro and Bosnia and Herzegovina).
July 19, 2007 – Energoprojekt is listed on the Belgrade Stock Exchange – Prime Market, as one of the three Serbian companies listed on this market
At the beginning of the new millennium and in its sixth decade of business activities, Energoprojekt System is one of the premier companies in its field. It operates both in the country and worldwide, constantly demonstrating its expertise, especially on the projects in Kazakhstan, Nigeria, Algeria, Peru and Qatar.
In accordance with the regulations governing the capital market, in the beginning of August 2017, new ownership structure was established after completion of the process of takeover of Energoprojekt Hodling a.d.. Napred Razvoj a.d. with related parties became the majority owner.