May 24 (SeeNews) - Serbia intends to invest close to 15 billion euro ($16.2 billion) in energy infrastructure in the coming years, assistant energy minister in charge of the electricity sector, Milan Aleksic, said.
“We expect energy infrastructure investments of more than 15 billion euro, most of which in production capacities, transmission and distribution networks,” Aleksic said at the CIGRE Serbia 2023 conference on electric power held in Zlatibor, according to a press release issued by the energy ministry on Tuesday.
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Energy transition is one of Serbia’s main aims and it wants to encourage greater participation of renewable energy sources (RES) in the energy mix in order to reduce emissions of harmful gases. Construction work on the Kostolac B3 thermal power plant, the first new large production capacity to be built after a pause of several decades, is nearing completion, and work is progressing well on the construction of a wind farm in the Kostolac municipality, Aleksic said.
The construction of the Trans-Balkan Corridor is underway, which will connect the power systems of Serbia, Bulgaria, Hungary, Romania, BiH and Montenegro, improve the transmission network and enable a more effective integration of RES, he noted.
The Trans-Balkan Corridor is a regional network connecting the electricity transmission systems of Bosnia, Montenegro and Serbia to Croatia, Hungary, Romania and Italy via 400 kV overhead lines and submarine cables.
$ = 0.9284 euro