Serbia signs water infrastructure cooperation deal with China’s Sinohydro
» Serbia signs water infrastructure cooperation…
BELGRADE (Serbia), April 12 (SeeNews) – Serbia’s agriculture ministry said on Wednesday it has signed a memorandum of understanding (MoU) with Chinese state-owned hydropower engineering and construction company Sinohydro for the development of water infrastructure in the country.
The agriculture ministry and Sinohydro will jointly analyse the state of water infrastructure in Serbia and prepare the necessary studies for potential investments and projects in the sector, the ministry said in a statement.
The MoU follows the signing of an agreement on economic and technical cooperation in the field of infrastructure between Serbia and China in 2009, the ministry added.
In November, the Serbian government signed a 207 million euro ($220 million) deal with Sinohydro’s parent Power Construction Corporation of China (PCCC) for the construction of the 19.5 kilometre-long Ostruznicki bridge-Bubanj Potok section of the Belgrade bypass road
EBRD has acquired stake in Ictas Surdurulebilir Enerji Yatirimlari, the renewable energy arm of Turkey’s IC Holding for $100m
The EBRD’s investment is expected to provide new boost to Turkey’s renewable energy sector. Ictas Surdurulebilir Enerji Yatirimlari owns a portfolio of ten hydropower plants with a total capacity of 400MW. With the funding, the company expects to invest in wind and solar power with a combined capacity of up to 250MW. The investment will…
Romania’s Govt. renews promises for 10% IPO at Hidroelectrica
Romania’s Government plans to launch an initial public offer (IPO) for the sale of a 10% stake in hydropower producer Hidroelectrica and a 15% stake in coal and power company CE Oltenia, according to the 2019-2022 Convergence Program, passed by the Government on May 8. The offers would include the issuing of new shares by…
EPCG’s new investment cycle focuses on portfolio diversification, hydropower projects
A Belgrade consortium comprising engineering firm Energoprojekt Hidroinženjering and water management institute Jaroslav Černi has been selected to produce a conceptual design for hydropower plant (HPP) Komarnica, and has already prepared an environmentally acceptable technical solution, which paves the way for the construction of the power plant following decades of research, Igor Noveljić, CEO of…