Renewables

Chinese company CEE acquiring stake in Plandište wind park

Photo: Pixabay

Published

May 11, 2015

Country

Comments

0

Share

Published:

May 11, 2015

Country:

Comments:

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

Slovenia controversial hydropower Mokrice energy crisis

Slovenia backs controversial hydropower project Mokrice amid energy crisis

23 May 2022 - The Government of Slovenia said the public interest outweighs nature conservation in the case of HESS's hydropower project in Mokrice

Bistrica pumped storage HPP project

Energy crisis accelerates construction of Bistrica pumped storage HPP project

23 May 2022 - The project is one of the most important investments in the energy sector of Serbia, with a planned capacity of 630 MW

DEM, Petrol, Nafta Lendava innovative geothermal power plant

Three Slovenian companies develop geothermal facility on abandoned oil, gas well

23 May 2022 - The project will be the first application of a Slovenian patent. It could lead to a breakthrough in the use of geothermal energy in deserted gas and oil wells.

Vienna airport Austria biggest solar power plant

Vienna airport completes Austria’s biggest solar power plant

23 May 2022 - Flughafen Wien Group said it has put Austria's biggest solar power plant into operation on 24 hectares at the Vienna International Airport