Serbia Will Seek Chinese Funding to Expand Kostolac Power Plant
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.
The 640-megawatt plant in the Kostolac power generation complex is owned by Elektroprivreda Srbije, Serbia’s state-run utility, which wants to add a 350-megawatt unit to the two plants at Kostolac B and increase coal production from the nearby Drmno field to 12 million tons a year from nine million tons.
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