Most Sofia bourse indices fall, Fibank paces blue-chip losers
UPDATE 1 - Bulgarian regulator okays 6.5% hike in Dec natgas price
Zarneni Hrani Bulgaria boosts 9-mo cons net profit, revenue falls
Fitch reaffirms Euroins Insurance Group at B+, outlook stable
Croatia's competition watchdog opens probe into Cakovecki Mlinovi, Tvornica Stocne Hrane
Nov 09, 2017 18:27 EEST
November 9 (SeeNews) - Serbia's energy minister Aleksandar Antic said on Thursday the government is holding talks with the Power Construction Corporation of China (Powerchina) on the technical details of a project for construction of a 28 km-long heat pipeline.
Powerchina shows serious interest in the project and the Serbian government plans to continue its cooperation with the company, Antic said in a video file posted on the website of news agency Tanjug.
"The project has a major importance for Serbia's entire energy system," Antic said after a meeting with representatives of Powerchina in Bucharest on the sidelines of the first edition of the Energy Ministers Meeting under the 16+1 initiative aimed at intensifying and expanding China's cooperation with countries in central and southeastern Europe.
In June, the Belgrade city government announced it has signed a memorandum of understanding with Powerchina to build a heat pipeline that will connect Termoelektrane Nikola Tesla (TENT) power plant and Novi Beograd thermal power plant - a project with an estimated cost of 200 million euro ($232.1 million).
Once completed, the project will allow the city to cut the cost of providing heating energy by 43 million euro a year, i.e. the investment will be repaid in five or six years, Belgrade mayor Sinisa Mali said back then.
($ = 0.861466 euro)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options