Sistema Rinova Uno and Tutin municipality officials signed a cooperation agreement on the construction of five small hydroelectric power plants on the Ibar River, with a combined capacity of 7.5 MW, the company announced on Wednesday.
Based on the agreement, 4 percent of the total electricity generated during the hydro plants’ commercial operation will go to Tutin, the release states.
Tutin Mayor Semsudin Kucevic pointed out that the project will provide work for the local construction firms and draw new investors to the municipality.
Sistema Rinova Uno is an Italian consortium which has been operating in Serbia for three years, said Managing Director Umberto Ferraro, stressing that the company is strongly committed to environmental protection.
Initially, we planned to build one big hydroelectric power plant on the Ibar River, but due to environmental concerns, we opted for the construction of five small hydro plants instead, he said.
Noting that Tutin has vast hydropower potential, Ferraro underlined that his company supports the development of local communities through sustainable investment.
Sistema Rinova Uno plans to build a total of 18 small hydropower plants in Serbia on the rivers Ibar, Juzna Morava and Zapadna Morava, the release states.
The estimated value of the company’s total investment in the development of renewable energy sources in Serbia exceeds EUR 300 million.
The company officials also pledged to donate EUR 300,000 to the municipality of Tutin to help complete the construction of a sports center.
Source SerbGov
