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Serbia Sees Up to $16 Billion in Energy, Environment Investments

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Dec. 14 (Bloomberg) -- Serbia expects investments in its power and recycling plants may be worth 7 billion euros ($9.2 billion) to 12 billion euros over the next 10 years.

More than 6,000 megawatts may be added in new hydro and coal-fired plants through 50 separate projects, according to the “priority list” for power production and environmental protection presented by Energy and Environment Minister Zorana Mihajlovic in Belgrade today. Most projects envisage foreign investors, such as Germany’s RWE AG, Italy’s Edison SpA and China’s China Machinery Engineering Corp, according to the plan.

“Signing of construction contracts is expected to begin in the first half of 2012” she said, without specifying.

The state will also adopt a set of by-laws by the end of the year to help define conditions for investors, while also reducing the number of permits for most projects to five from 27, Mihajlovic said.

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

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