March 11 (SeeNews) - Russia's Gazprom has signed a memorandum of understanding with Serbia's energy ministry for the development of combined heat and power (CHP) generation projects in the Balkan country, it said.
The document provides for joint efforts aimed at reviewing further options for building and upgrading power plants in Serbia, Gazprom said in a statement last week.
Gazprom Energoholding, a subsidiary of Gazprom, is considering the construction of up to four power plants in Serbia, Russian media quoted the company's director general, Denis Fedorov, as saying last week.
"We have set up a working group, which is considering options for construction of thermal power plants and combined cycle power plants," Fedorov was quoted as saying.
Gazprom launched last week the construction of a 200 MW gas-fired combined cycle power plant in Pancevo - the first of its kind in Serbia. The commissioning of the power plant is planned for 2020.