Chinese company opens European office in Serbian town

The Chinese electrical power corporation Sinomach-CNEEC-CNEETC has opened its European office in Ub, a small town southwest of Belgrade.

Source: Tanjug

Ub is in the Kolubara District and China is interested in large energy projects in Serbia, the power plant Kolubara B, coal mine Radljevo, power plant Đerdap 3 and small hydroelectric power plants, Tanjug reported.

The corporation is willing to invest EUR 1.3 billion in Kolubara B and Radljevo alone, regional director of the company Ni Weihong said.

The negotiations concerning Kolubara B are still ongoing and the project could begin soon if the successful cooperation between Serbia and China continues, he pointed out.

The new strip mine, Radljevo, should provide coal for the power stations Kolubara B and Nikola Tesla B3 in Obrenovac, near Belgrade, which have yet to be constructed.

The Chinese corporation picked Serbia for its first European office because China and Serbia have a good legal basis for cooperation, Ni stated, adding that besides large projects, the corporation would also be involved in medium and small investments in various areas, like transport infrastructure, energy, agriculture and textile industries.

The office in Serbia will work on projects throughout the region, from Ukraine to the Adriatic Sea, and already an agreement has been reached to build a power station in Romania, a project worth around a billion euros, he remarked. There are also plans for projects in Bosnia-Herzegovina, and Croatia.

Four contracts were signed at the opening of the office in Ub, with the company Kolos from Obrenovac on producing coal briquettes, railway crossings and chemical products, and with DDR on projects in agriculture and textile industries.

Two contracts with Prva iskra from Barič were also signed, to build a shipping container port and a solar plant in Barič, which should employ several hundred people.

Business & Economy

page 1 of 804 go to page