NIS announced new venture for gas-fuelled CHP


July 24, 2015





July 24, 2015




A member of the Gazprom Energoholding group entered into an agreement with NIS, Serbia’s flagship oil and gas company, with a view to set up a venture under the name of Serbskaya Generaciya with the aim to build a gas fuelled combined heat and power plant (CHP) in the town of Pančevo, said Kirill Kravchenko, chief executive of NIS, in his interview to Politika daily.

Construction may start as early as mid-2016, with commissioning set for 2019, NIS quoted the company’s chief on the company’s website. Both the heating and the power would be consumed by NIS’s refinery in the town and its partners. The surplus of power will be offered to the market, Kravchenko said. Investment of EUR 140 million has been secured for the initial stage. Gazprom Energoholding will cover the biggest part, he added.

The thermal plant capacity will amount to 140 МW, with a possibility to increase it to 208 МW, where the value would reach EUR 183 million. NIS built 13 small-scale power plants in the oil and gas fields in Serbia, works have been under way at 12 geothermal wells, and another seven bigger and smaller energy projects are under consideration currently, NIS’s CEO said. He stressed that the prerequisite to continue such activities is the power purchase contract at the state level for power generated from renewables.

Related Articles

Rumen Radev Hydrogen investor becomes Bulgaria s new energy minister

Hydrogen investor becomes Bulgaria’s new energy minister

08 June 2023 - Bulgaria's new Minister of Energy Rumen Radev is a director of Holding Zagora, which participates in the Stara Zagora hydrogen valley project

low carbon strategy serbia

Serbia adopts Low Carbon Development Strategy

07 June 2023 - The most expensive scenario for the country is to ignore the costs related to climate change, the document said


Hidroelectrica to conduct IPO on Bucharest Stock Exchange in July

07 June 2023 - Fondul Proprietatea intends to sell most of its 19.94% ownership of state-owned Hidroelectrica or the entire stake

Albania, Republic of Srpska sign agreements for activating national guarantees of origins registries

Albania, Republic of Srpska roll out registries for guarantees of origin

07 June 2023 - Now they can start issuing GOs and engage in trading in line with EU rules, the Energy Community Secretariat said