– Italian Seci Energia and the Electric Power Company of Serbia will sign the Agreement on Wednesday (April 21, 2010) on formation of the joint venture that will deal with construction of 10 small hydroelectric power plants on the Ibar – Novosti learned from the people in the Ministry of Energy.
In addition to the representatives of Seci Energia, Serbia will also be visited by the Italian Minister of Economic Development, Paolo Scaiola, with whom the Interstate agreement on cooperation in the energy sector was signed in November 2009. The Agreement anticipates potential construction of 10 small hydroelectric power plants of about 85 MW on the Ibar, three hydroelectric power plants of total of 365 MW on the Drina, a hydroelectric power plant of 140 MW on the Sava near Kupinovo, as well as wind farms of 500 MW. Total power of these units is about 1,089 MW, while the investment is estimated at 1.5bn EUR. The plan is that “green” kilowatts be exported to Italy at that country’s privileged prices.
Italians will have a majority share of minimum 51% in the joint venture for construction of small hydroelectric power plants on the Ibar. According to the current agreement, Seci Energia will provide funding, while EPS prepares infrastructure and resolves technical issues.
– The project documentation for construction of small hydroelectric power plants on the Ibar should be finished by the end of the year. Once completed, the study should be made for hydroelectric power plants on the Drina in association with the Italians and the Republic of Srpska – say the people in the Ministry of Energy.
– The feasibility study for the Ibar has already been made and it shows that the project, worth 300m EUR, is both justified and profitable. The analyses have also been completed and there is no negative influence.