Serbia to Invest €9bn in Power Plants

3 June 2009 (Last Updated June 3rd, 2009 18:30)

Serbia is to invest €9bn ($12.81bn) in power plants in the next five to seven years, Serbia's Minister of Energy and Mining Petar Skundric said. He also said that around €5bn will be invested in constructing new power plants while €4bn ($5.69bn) will be allocated to the revitalisation a

Serbia is to invest €9bn ($12.81bn) in power plants in the next five to seven years, Serbia’s Minister of Energy and Mining Petar Skundric said.

He also said that around €5bn will be invested in constructing new power plants while €4bn ($5.69bn) will be allocated to the revitalisation and maintenance of existing plants, and in environmental protection, the official Tanjug news agency reported.

The revitalisation of the Bajina Basta power plant, costing €65.5m ($93.26m), is due for completion in 2013.

The project will be carried out by several Serbian firms and Austrian company Andritz Hydro. It will raise the plant’s capacity from 368MW to 422MW.

Up Next