August 27 (SeeNews) - China Machinery Engineering Corporation (CMEC) will complete a project for the construction of a third unit at Serbia's Kostolac B coal-fired power plant in 2020, CMEC chairman Zhang Chun said.
"We firmly assure our Serbian partners that the project will be implemented by the end of 2020," Chun said, as quoted in a statement by Serbia's energy ministry on Saturday.
CMEC signed in November a contract for the construction of a 350 MW unit in Kostolac B which will produce 2.5 billion kWh of electricity annually.
A total of $613 million (527.7 million euro) will be invested in the construction of the new unit as part of the second phase of a project for the overhaul of Kostolac B at a total cost of $715.6 million, the government said back then.
TE-KO Kostolac operates two power plants - the 310 MW Kostolac A, and the 700 MW Kostolac B.
($ = 0.8608 euro)