Serbia’s Energy Minister Zorana Mihajlovic said on Tuesday the amount of investments that could be realized in the energy sector this year was several billion euros, stressing that investments in energy could get Serbia moving.
She told the 5th meeting of the National Oil Committee of Serbia that some of those projects are the start of construction and contract signing for the hydroelectric power plants Bistrica, thermoelectric power plants Stavalj and thermoelectric powerplants and heating stations Novi Sad.
Serbia has already begun using renewable energy sources, especially constructing small hydroelectric power stations, she said, adding that the construction of wind farms was expected to start.
Serbia has adopted amendments to the regulation on subsidies for renewable energy sources and those subsidies will cost Serbia around EUR 700 million by 2020, but the cost would have been at around EUR 1 billion had there not been for the regulation, she stressed.
Investments in energy could give momentum to the country’s economic ectivity, she said, adding there was a lot of interest from investors in that field, despite the low prices of electricity in the country.
The Ministry of Energy has prepared since the current government came into power the legislation to raise investments in energy, she noted, adding that the signed memorandums should now be turned into contracts.
Source Tanjug
