Serbia set to sign funding deal with China's Ex-Im Bank for 350 MW Kostolac unit

The funding deal should be on the agenda of the Serbian parliament for ratification in January and as soon as it is approved, the five-year works on the construction of the new unit will start, Antic was quoted as saying on the government's website.

The project will also include the expansion of TE-KO Kostolac's Drmno mine, Antic added.

The TE-KO Kostolac complex, a unit of state power utility EPS, has an installed power generation capacity of around 1,000 MW.