Serbia, China sign deal for coal plant, mine

Elektroprivreda Srbije of Serbia has agreed to jointly build a 744 megawatt coal-fired unit at an estimated cost of more than 2 billion euros or $2.7 billion with a Chinease consortium.

The consortium that includes China Environmental Energy Holdings Co. Ltd and Shenzhen Energy Group Co. Ltd, and EPS. The contract indicates that the entities will form a joint venture for the future project, EPS said in a statement.

It said the project includes the construction of the coal-fired unit in the southwestern town of Obrenovac, part of its Nikola Tesla power complex, and upgrade of the Radeljevo coal mine that will feed the plant.

EPS said it also agreed with Chinese partners to define future cooperation on a number of renewable energy projects, in particular biomass, but provided no further detail.

The full story is available at Reuters.