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SERBIA’S EPS SIGN HYDROELECTRIC DEVELOPMENT ACCORD


13.02.2011. / Balkans.com
Misha Savic

Seci Energia SpA, a unit of Maccaferri Group, and state-run Serbian power producer Elektroprivreda Srbije signed an agreement to develop 10 hydroelectric plants.
The plants will cost an estimated 819 million euros ($1.1 billion) and have an installed capacity totaling more than 300 megawatts, Gaetano Maccaferri, president and chairman of Bologna, Italy-based Seci Energia, said today at a press conference. They will be located on the Drina River along the border between Serbia and Bosnia-Herzegovina.

Tapping into the river’s hydroelectric potential will help Italy to meet a goal of deriving 17 percent of its power consumption from renewable sources by 2020, said Industry Minister Paolo Romani, who attended the signing in Belgrade. That compares with 8 percent now, he said.

“This is only a beginning,” Romani said, without elaborating. “More initiatives will follow in the coming months.”

Some of the plants’ expected annual output of 1,200 gigawatt hours will be exported to Italy via Montenegro and an underwater cable across the Adriatic Sea, Maccaferri said. Construction should begin in 2012, said Dragomir Markovic, general manager of EPS, as the Serbian company is known.

Government officials from Italy, Serbia and the Serb-run portion of Bosnia-Herzegovina, Republika Srpska, signed an agreement in September to jointly support development of hydroelectric plants on the Drina.

Seci Energia is already working with EPS to build three plants on the Ibar River in southern Serbia, Maccaferri said. They will have a combined capacity of 103 megawatts and cost 300 million euros to build, he said.

Maccaferri Group has roots going back to 1879 and activities ranging from engineering to tobacco, its website shows.




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