Ownership as documented
Listed company; ownership not reviewed here.
Description
Renewables developer that won the 140 MW Karavasta photovoltaic tender (May 2020) and the 100 MW Spitalla tender (May 2021, per a Serbian news excerpt; capacity later reported as 90 MW in a regulator licence). Karavasta is reported as operational in late 2023 to 2024 by company-linked sources.
Contracts and money
Karavasta PV offtake
Evidence: Balkanweb 2026: KESH allegedly signed a July 2022 deal for full Karavasta output; Voltalia won the 2020 tender.
Figures recorded for the cases linked to this organisation. A figure here is not necessarily paid to or by this organisation; check payer and payee.
Karavasta: alleged state loss for 2024 (MP estimate)
€6,500,000
Stated definition: MP Enno Bozdo's estimate as reported by Balkanweb; not verified
Date: 2024 · Payer: KESH (alleged) · Payee: Voltalia (alleged beneficiary)
- Balkanweb (EN) Karavasta (opens in a new tab)Balkanweb · 26 Jun 2026 · journalism · EN
Karavasta: alleged loss over full contract (MP estimate, about 17 years)
€100,000,000
Stated definition: Estimate by MP; headline figure; not verified
Date: 2022-2039 · Payer: KESH (alleged) · Payee: Voltalia (alleged beneficiary)
- Balkanweb (EN) Karavasta (opens in a new tab)Balkanweb · 26 Jun 2026 · journalism · EN
Karavasta: tender tariff 24.89 EUR per MWh for 50 percent of output (as alleged); other half reportedly about 106 EUR per MWh
No amount recorded
contractSource label: UnverifiedStated definition: Per MWh price, not a total; from MP statement
Date: May 2020 · Payer: KESH · Payee: Voltalia
- Balkanweb (EN) Karavasta (opens in a new tab)Balkanweb · 26 Jun 2026 · journalism · EN
Officials and people linked
No person is linked to this organisation in the research.
Investigations and cases
Sorted by reported money, then by linked people and their legal status. The money figure is the largest single reported figure, not a total.
From May 2020
Karavasta PV park: KESH purchase deal with Voltalia (opposition MP allegation, June 2026)
Opposition MP Enno Bozdo issued a written statement on 26 June 2026 alleging that the Karavasta photovoltaic park (140 MW, tender won by Voltalia in May 2020) was illegally favoured. According to the…
Status: Political allegation; no official response reported; no SPAK referral mentioned in the source.
Sources for this record
Every source the research cites for this record, grouped by its source label. 2 sources.
Source label: Officially reportedOfficially reported · 2 sources
- Publisher
- Balkanweb
- Date
- 26 Jun 2026
- Publisher
- PV Tech
- Date
- 2024