China, Serbia in USD 1.25bn power plant deal
Serbia’s public power enterprise EPS, Chinese CMEC company, and the Kosotolac power plant today signed a pre-contract worth over a billion dollars.
Wednesday, 03.02.2010.
15:33
Serbia’s public power enterprise EPS, Chinese CMEC company, and the Kosotolac power plant today signed a pre-contract worth over a billion dollars. The document, related to the plant’s revitalization, was signed by EPS General Manager Dragomir Markovic, representative of CMEC Jin Chunseng and Director of Kostolac thermoelectric power plant Dragan Jovanovic. China, Serbia in USD 1.25bn power plant deal The project includes the revitalization of the existing blocks B1 and B2 of the Kostolac B plant, each of 350 MW capacity, and their desulphurization, it was announced. The deal, worth USD 1.25bn, will also see an increase in the capacities of the open pit Drmno to 12 million tons of lignite per year, and the construction of new block B3. Minister of Energy and Mining Petar Skundric, who attended the signing ceremony at the Serbian government in Belgrade this Wednesday, said that the Chinese partner will take part in the project with approximately 85 percent of total funds, which exceeds the figure of USD 1bn. Skundric also told reporters that this was one of the biggest investment ventures in the forthcoming investment cycle in the energy area, adding that the project should promote strategic cooperation between Serbia and China. The signing in Belgrade today (Beta)
China, Serbia in USD 1.25bn power plant deal
The project includes the revitalization of the existing blocks B1 and B2 of the Kostolac B plant, each of 350 MW capacity, and their desulphurization, it was announced.The deal, worth USD 1.25bn, will also see an increase in the capacities of the open pit Drmno to 12 million tons of lignite per year, and the construction of new block B3.
Minister of Energy and Mining Petar Škundrić, who attended the signing ceremony at the Serbian government in Belgrade this Wednesday, said that the Chinese partner will take part in the project with approximately 85 percent of total funds, which exceeds the figure of USD 1bn.
Škundrić also told reporters that this was one of the biggest investment ventures in the forthcoming investment cycle in the energy area, adding that the project should promote strategic cooperation between Serbia and China.
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