Basin governments reach agreement on sdl projects


Basin governments reach agreement on sdl projects

By: Emanuele Berardini and Emanuele Calabresi, International Business Times

14 Nov 2016 06:40:37

A coalition of three European Union governments has reached a?????? deal to build hydroelectric dams across the Balkans region, paving the way for building of new hydroelectric power projects in the region.

The government of‘s ruling Liberal Democratic Party (LDK) and the Social Democrats and Liberal Democrats in the United States joined forces in a statement yesterday to seek more ambitious projects to deliver electricity and heat generation across the region.

The Serbian cabinet gave a green light to the projects, after three years of negotiations. “The construction of these projects will significantly improve the electricity supply in the Balkans,” a statement on the Serbian Cabinet website said.

Under the agreement, Serbia will help finance a €1.5 billion project by the utility NCSI-Hydro, with half of the project coming from the European Commission. The rest will come from the European Fund for Strategic Investmejarvees.comnts, under which Belgium was also part.

The EU, the United States and the Netherlands will each receive €1.5 billion. The largest investor in Serbia is the European Investment Bank (EIB), which was one of those parties to sign up in 2014 to lend and invest in the project.

A series of similar schemes had reached the deadline of 2012, but had all stalled due to opposition by member states.

“This will boost our energy security, strengthen our economy and create new jobs,” said EU Energy Commissioner Günther Oettinger after the signing of the deal.

The projects will be based at the Pristina Hydro Plant, an 835-megawatt plant which is located south of Split. According to the latest official report, the project is on track for completion in 2017.

EU Energy Commissioner Oettinger (L-R) Serbian Prime Minister Aleksandar Vucic (C) Serbian President Tomislav Nikolic (2L) Croatia Prime Minister Ivo Sanaderi (2R) European Commission President Jean-Claude Juncker (L) Serbia Prime Minister Aleksandar Vucic (C) European Commission President Jean-Claude Juncker (R) Croatian Prime Minister Zoran Milanovic (R) Serbian Prime Minister Tomislav Nikolic (C) European Energy Commissioner Günther Oettinger (L) Serbian Prime Minister Aleksandar Vucic

Posted by David Bates on 20th June 2020