RWE signs up to Serbian hydropower investment

State-run Serbian power company Elektroprivreda Srbije (EPS) and RWE, Germany's second largest utility, have signed memorandum on joint energy projects worth around $2.82bn.

"The declaration of intent covers further development and enhancement of existing energy generation well as planning, construction and operation of new power plants," RWE said in a statement after signing the deal.

In 2009 Serbia and RWE agreed to add about 3000 MW of hydro power capacity from new power plants, reports Reuters.

The overhaul, extension and operation of run-of-river hydro plants on the Drina and Danube rivers with a combined capacity of 920 megawatts (MW), as well as expansion of the 1,240 MW Nikola Tesla (TENT) coal fired power plant complex, have been identified as the first joint projects, RWE said.

"We plan to extend the use of hydropower there even further. Unlike the situation in Germany, there is a plenty of potential for expansion in the rivers of Serbia," its CEO, Hans Bunting, said.

For more European power news




Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...