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Nov 06, 2017 15:17 EEST
November 6 (SeeNews) - Serbian oil and gas company NIS [BSE:NIIS], a subsidiary of Russia's Gazprom, said on Monday it plans to start the construction of a combined heat and power (CHP) power plant at its Turija 2 oil field in the fourth quarter of 2018.
A tender for the delivery of equipment and design services is scheduled for the fourth quarter of 2017, NIS said in its financial report for the first nine months of this year filed with the Belgrade Stock Exchange.
Earlier this year, NIS said it has identified a possibility for the construction of the Turija 2 power plant, with a capacity of 1 MW, which will be located at the Gathering and Dispatch Station Turija, in northern Serbia.
The company started operating the Turija 1 CHP, also with a capacity of 1 MW, in January 2014.
NIS said on Monday its net profit rose 2.6 times to 20.1 billion dinars ($196.8 million/169.5 million euro) in the first nine months of 2017.
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