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Serbia
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EES Group, Serbia's Vrnjacka Banja agree to cooperate on RES projects

Dec 23, 2014, 6:31:25 PMArticle by Djordje Daskalovic
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December 23 (SeeNews) - The central Serbian municipality of Vrnjacka Banja said it has signed with the Slovenian unit of Germany's EES Group an agreement for cooperation in the use of renewable energy sources.

EES Group, Serbia's Vrnjacka Banja agree to cooperate on RES projects

The accord paves the way for EES Group to carry out plans to build three small hydro power plants (SHPPs) in the vicinity of Vrnjacka Banja, the municipality said in a statement on Monday.

By the end of 2017, EES Group plans to build a total of 18 SHPPs in Serbia, including three in the Vrnjacka Banja area. It is expected that the company's investments will exceed 60 million euro ($73.4 million), the statement said.

($=0.8175 euro)

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