BELGRADE (Serbia), March 9 (SeeNews) – Serbian state-owned power utility Elektroprivreda Srbije (EPS) has signed a preliminary agreement for the construction of the 350 MW Kolubara B thermal power plant (TPP) with Powerchina, it said.
The new power plant is expected to start operations by the end of 2024, EPS said in a statement on Friday.
Serbian companies will be contracted for at least 45% of the construction works and equipment supplies.
In November, EPS completed a technical study for the construction of Kolubara B. The power plant will have 220 employees and 1,000 workers will participate in its construction, the managing director of EPS, Milorad Grcic, said back then.
The construction of Kolubara B, located in the town of Veliki Crljeni, in central Serbia, started in 1988 but was abandoned shortly afterwards due to the sanctions against Yugoslavia. In June 2011, EPS signed a preliminary agreement with Italy's Edison to set up a joint venture for the construction of the plant and in 2012 the European Bank for Reconstruction and Development (EBRD) expressed interest in financing the project.
In September 2013, however, the EBRD said it was no longer interested in financing the plant, due to its policy for limiting lending for coal-fired power plants construction projects and in 2014 the project was abandoned again.
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