Serbia Will Seek Chinese Funding to Expand Kostolac Power Plant
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Serbia plans to apply for a Chinese government loan to add a new unit to its Kostolac power plants and expand a coal mine that feeds it, the premier said.
The project worth $700 million may be financed from a $10 billion fund that China earmarked for investments in 16 countries of central and eastern Europe, under “preferential terms of financing,” Prime Minister Ivica Dacic said in a statement e-mailed after his meeting with China Machinery Engineering Corp. officials in Belgrade yesterday.