Energy minister presents priority projects
Energy Minister Zorana Mihajlović on Friday presented priority projects for investments in the areas of energy and environmental protection.
Friday, 14.12.2012.
14:26
BELGRADE Energy Minister Zorana Mihajlovic on Friday presented priority projects for investments in the areas of energy and environmental protection. The estimated value of the projects, grouped together for the first time, is between EUR 7 and 12 billion, Mihajlovic said, adding that their realization could create tens of thousands of jobs. Energy minister presents priority projects She also noted that Serbia's economic growth forecast could be more optimistic if all of these investments came through. "We want to realize these projects and stop wasting time, because time is of the essence for Serbia. We want to start signing contracts as soon as possible which would enable the construction of new power plants, mines, regional landfills and recycling plants," said the minister. She called on all interested investors to invest in the projects and turn to the Ministry of Energy, Development and Environmental Protection concerning any problems they encounter in Serbia. She said the Ministry would soon reduce the number of permits need by those interested in investing in energy and environmental protection in Serbia, from the current 27 to just five. The project presentation was attended by Head of the EU Delegation to Serbia Vincent Degert, Minister of Regional Development and Local Self-Government Verica Kalanovic, Petroleum Industry of Serbia (NIS) CEO Kirill Kravchenko, and President of the Foreign Investors Council in Serbia Costin Borc. According to Degert, the energy sector offers great prospects for Serbia's development, but insufficient progress has been achieved in that field. He announced support for Serbia's efforts in achieving the set goals and noted that the EU has so far invested over EUR 500 million in Serbia's energy sector. Investors need interesting projects from that field, he added, noting that the goal is to establish a sustainable energy sector and stable supply. The market needs to be liberalized, and the authorities need to set tariffs that would reflect production costs, so as to encourage improvement in the energy sector and new investments, Degert said. Degert recalled that the EU imports half of its energy, and that it is dependent in that sense, pointing out that the development of the energy sector could trigger economic growth and job creation. The energy sector accounts for 25 percent of the EU's gross domestic product, and hires 3.5 million people, he said. Zorana Mihajlovic (Beta) Tanjug
Energy minister presents priority projects
She also noted that Serbia's economic growth forecast could be more optimistic if all of these investments came through."We want to realize these projects and stop wasting time, because time is of the essence for Serbia. We want to start signing contracts as soon as possible which would enable the construction of new power plants, mines, regional landfills and recycling plants," said the minister.
She called on all interested investors to invest in the projects and turn to the Ministry of Energy, Development and Environmental Protection concerning any problems they encounter in Serbia.
She said the Ministry would soon reduce the number of permits need by those interested in investing in energy and environmental protection in Serbia, from the current 27 to just five.
The project presentation was attended by Head of the EU Delegation to Serbia Vincent Degert, Minister of Regional Development and Local Self-Government Verica Kalanović, Petroleum Industry of Serbia (NIS) CEO Kirill Kravchenko, and President of the Foreign Investors Council in Serbia Costin Borc.
According to Degert, the energy sector offers great prospects for Serbia's development, but insufficient progress has been achieved in that field.
He announced support for Serbia's efforts in achieving the set goals and noted that the EU has so far invested over EUR 500 million in Serbia's energy sector.
Investors need interesting projects from that field, he added, noting that the goal is to establish a sustainable energy sector and stable supply.
The market needs to be liberalized, and the authorities need to set tariffs that would reflect production costs, so as to encourage improvement in the energy sector and new investments, Degert said.
Degert recalled that the EU imports half of its energy, and that it is dependent in that sense, pointing out that the development of the energy sector could trigger economic growth and job creation.
The energy sector accounts for 25 percent of the EU's gross domestic product, and hires 3.5 million people, he said.
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