"Strong political will" needed for major investments

The energy sector "can bring in billions of euros," but strong political will is needed for investors to come in greater numbers, says Zorana Mihajlović.

Izvor: Tanjug

Friday, 03.05.2013.

13:33

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BELGRADE The energy sector "can bring in billions of euros," but strong political will is needed for investors to come in greater numbers, says Zorana Mihajlovic. In an interview given to Tanjug, the Serbian minister of energy, development and environmental protection cited "eliminating corruption and administrative hurdles" as another precondition. "Strong political will" needed for major investments The talks about major infrastructure projects are ongoing, Mihajlovic said, mentioning the construction of hydroelectric power plant Bistrica, which would cost nearly EUR 700 million, or Djerdap 3 - EUR 2-3 billion, and thermal power plant Stavalj -around 800 EUR million. “For great investments, there has to be a fantastic regulatory framework, and Serbia did not have that when this government was formed,” she said. The talks are being held with partners from Canada and Switzerland about hydroelectric power plant Bistrica, which constitutes a priority, while several partners from China and the United Arab Emirates are interested in the Djerdap 3 project, she said. The plan is that the Serbian government makes two preliminary contracts with potential strategic partners by the year's end, she said. Initial investments in renewable energy resources are quite big, and, as a state, we are here to help with encouraging tariffs, the minister said. (Tanjug) Tanjug

"Strong political will" needed for major investments

The talks about major infrastructure projects are ongoing, Mihajlović said, mentioning the construction of hydroelectric power plant Bistrica, which would cost nearly EUR 700 million, or Đerdap 3 - EUR 2-3 billion, and thermal power plant Štavalj -around 800 EUR million.

“For great investments, there has to be a fantastic regulatory framework, and Serbia did not have that when this government was formed,” she said.

The talks are being held with partners from Canada and Switzerland about hydroelectric power plant Bistrica, which constitutes a priority, while several partners from China and the United Arab Emirates are interested in the Đerdap 3 project, she said.

The plan is that the Serbian government makes two preliminary contracts with potential strategic partners by the year's end, she said.

Initial investments in renewable energy resources are quite big, and, as a state, we are here to help with encouraging tariffs, the minister said.

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