# Eco Energo Group

A company that in 2010, while it was run by Nikola Petrović, President Vučić's best man, became the first privileged electricity producer in Serbia. According to CINS, it owns seven of the ten small hydropower plants linked to Petrović, which received around €23.4 million from the state over ten years, and in 2022 Petrović increased his stake in the company to 75 percent. The case has not been investigated.

## Affairs

- [Small hydropower plants and Stara Planina](https://odgovornost.rs/en/afere/mini-hidroelektrane): Seven of its small hydropower plants, in which Petrović holds a stake, received state subsidies

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Source: Odgovornost, https://odgovornost.rs/en/organizacije/eco-energo-group  
As of: 6 Nov 2026  
Licence: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/deed.en)