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BELGRADE (Serbia), July 10 (SeeNews) - Belgrade city government plans to start talks on the means of financing of the project for construction of a 28 km-long heat pipeline by the Power Construction Corporation of China (Powerchina), mayor Zoran Radojicic has said.
The city council has signed an annex to its agreement with Powerchina for the construction of the heat pipeline, which lays down conditions for the launch of negotiations for the financing of the project, Radojicic said in a statement on Tuesday.
In November 2017, the city council signed a 190 million euro ($213.3 million) agreement with Powerchina for the construction of the heat pipeline, which will connect Termoelektrane Nikola Tesla (TENT) power plant and Novi Beograd thermal power plant.
"By realising this project, Belgrade will provide stable and environmentally friendly supply of heat," Radojicic said on Tuesday.
State-owned power utility Beogradske Elektrane is expected to reduce its annual costs by 45 million euro after the heat pipeline enters into service as it will use steam generated at the TENT power plant for production of electricity at the Novi Beograd power plant instead of imported natural gas.
($ = 0.89085 euro)