Region: TTF gas prices...

In the final week of October 2024, TTF (Title Transfer Facility) gas futures...

Region: Electricity prices surge...

In Week 44 of 2024, several factors contributed to a surge in electricity...

Romania secures €70 million...

The Romanian Ministry of Energy has announced the allocation of approximately €70 million...

Hungary exceeds gas storage...

Hungary's gas storage facilities are currently holding 6 billion cubic meters of gas,...
Supported byClarion Energy banner
HomeUncategorizedItaly's SECI Energia...

Italy’s SECI Energia in Prelim Hydro Power JV Deal with Serbian, Bosnian Utilities

 

Serbian power monopoly EPS, Bosnia’s Serb Republic power utility EPRS and Italy’s SECI Energia have signed a preliminary strategic partnership agreement for the construction of three hydro power plants with a combined capacity of 320 megawatts, Bosnian media reported.

The three partners should now adopt feasibility studies before establishing a joint venture company that will be in charge of the Srednja Drina hydro power project, daily Nezavisne Novine (www.nezavisne.com) quoted the head of EPRS, Branislava Milekic, as saying at Friday’s signing ceremony.

The Srednja Drina project envisages the construction of the Dubravica, Tegare and Rogacica power stations and is estimated to cost 870 million euro ($1.2 billion), the daily quoted the Serb Republic’s Energy Minister Zeljko Kovacevic as saying on the same occasion.

The plants will be built along the middle Drina river. The 346 kilometre long Drina river forms most of the border demarcation between Bosnia and Serbia.

Milekic said SECI Energia will own 51% of the planned joint venture company, while the two power utilities will control the remaining 49%.

She added that the Italian government will provide subsidies to SECI Energia for the electricity produced by the Srednja Drina hydro power complex for a period of 15 years.

Source hydroworld.com

 

 

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

FBiH: Net electricity production reached 473 GWh in June

Net electricity generation in the Federation of BiH fell to 473 GWh in June 2024 from 582 GWh in the same month last year, according to the data published by the statistical office. In the same period, electricity imports increased to 126 GWh...

Croatia: JANAF buys 5.2 MW solar park

Croatian oil pipeline operator JANAF has indirectly acquired the Bulinac solar photovoltaic power plant with an installed capacity of 5.18 MW as part of its diversification strategy, the company said in a filing to the Zagreb stock exchange.The acquisition of this...

Serbia: Banatski Dvor gas storage expansion to begin in October

Serbia will start works to expand the Banatski Dvor natural gas storage facility in October, according to Dusan Bajatovic, head of natural gas importer and distributor Srbijagas.The expansion works are expected to be completed in 18 months, Bajatovic said in...
Supported bySEE Mining News
error: Content is protected !!