Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

NGP Mulls 1,430MW Plants in Serbia With Eaton, Toshiba

Feb. 28 (Bloomberg) -- Elektroprivreda Srbije, Serbia’s power monopoly, will sign a preliminary agreement next month with New Generation Power on developing solar, wind and hydro plants that may total 1,430 megawatts.

The state-run utility and a consortium led by the Chicago, Illinois-based NGP, comprising units of Eaton Corp., Martifer SGPS SA, Toshiba Corp., Wanxiang International Ltd. and Orenco Hydropower, will sign the letter of intent on March 20 on the potential investments that may reach $4 billion, the Serbian company said in an e-mailed statement today, after meetings with NGP officials in Brussels.

The projects include solar plants of 50 megawatt combined capacity, biomass-fueled plants totaling 200 megawatts, wind farms of as many as 450 megawatts and 680 megawatts in hydro plants, according to the statement.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.