Renewables

Chinese company CEE acquiring stake in Plandište wind park

Photo: Pixabay

Published

May 11, 2015

Country

Comments

comments icon

0

Share

Published:

May 11, 2015

Country:

Comments:

comments icon

0

Share

NIS oil industry, majority owned by Russia’s Gazprom Neft, communicated there was progress in negotiations about a stake at Plandište wind park to be taken over by Chinese company CEE, Sinteza Invest Group brokerage reported. The Serbian company said estimation of financial aspects of the project was in progress.

For the wind park project in Plandište municipality, located in the northeastern part of the country, the plan is to construct 34 wind generators with a total capacity of 102 MW. Total project value is EUR 160 million, while NIS will provide EUR 23 million. In accordance with the document signed in December 2012 by NIS general director Kirill Kravchenko and Energowind director Goran Novaković, NIS acquired a 50% stake in the project.

The plan is to construct 34 wind generators with a total capacity of 102 MW.

In March, Kravchenko announced a EUR 150 million investment in the project with Chinese partners.

NIS had marked the construction launch in September 2013. The building site was opened by Kravchenko and Serbian then-first vicepremier Aleksandar Vučić, today’s prime minister. The project implementation had been entrusted to company NIS Elektrowind, in which NIS holds a 50% stake. The plan, in Kravchenko’s words at the ceremony, had been to complete the project in 12 months.

Tags:

Related Articles

Regional Power Sector Exchange Western Balkans disitribution system operator dso grids ohrid giz

Third Regional Power Sector Exchange in Ohrid: Power grids at core of energy transition

30 May 2025 - The third Regional Power Sector Exchange of the Western Balkans gathered over 80 energy professionals from the Western Balkans

Maja Maćić, Balkans Platform Head at Alcazar Energy

Maja Maćić: Alcazar Energy expands presence in Western Balkans

30 May 2025 - Maja Maćić, executive manager of Alcazar Energy, said at Belgrade Energy Forum that construction activities for some projects would start as early as this year

two solar power plants egesa enerji vojvodina

Turkish Egesa Enerji to build two solar power plants in Serbia’s Vojvodina province

30 May 2025 - Turkish company Egesa Enerji has launched a project to build two solar power plants in Vojvodina, with a total nominal capacity of 8.6 MW

Green for Growth Fund partnership Swedish International Development Cooperation Agency Sida

Green for Growth Fund launches partnership with Swedish International Development Cooperation Agency

30 May 2025 - GGF and the Swedish International Development Cooperation Agency are expanding green lending in the Western Balkans and the EU's Eastern Neighborhood