Serbia Energy Minister Mihajlovic about major power gen projects

6. May 2013. / News Serbia Energy

The energy sector can bring Serbia billions of euros, but for investors to come in greater number, apart from eliminating corruption and administrative hurdles, there needs to be a strong political will, Serbian Minister of Energy, Development and Environmental Protection Zorana Mihajlovic told Tanjug.

The talks about major infrastructure projects are ongoing, Mihajlovic said, mentioning the construction of hydroelectric power plant Bistrica, which would cost nearly EUR 700 million, or Djerdap 3 – EUR 2-3 billion, and thermal power plant Stavalj -around 800 EUR million.

“For great investments, there has to be a fantastic regulatory framework, and Serbia did not have that when this government was formed,” she said.

The talks are being held with partners from Canada and Switzerland about hydroelectric power plant Bistrica, which constitutes a priority, while several partners from China and the United Arab Emirates are interested in the Djerdap 3 project, she said.

The plan is that the Serbian government makes two preliminary contracts with potential strategic partners by the year’s end, she said.

Initial investments in renewable energy resources are quite big, and, as a state, we are here to help with encouraging tariffs, the minister said.

Source; MERZ

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