Italy, Serbia sign energy cooperation agreement.

By bne IntelliNews October 26, 2011
Italy and Serbia have signed an energy cooperation agreement under which Italy has pledged to buy out the entire output of the Italian-Serbian renewable energy joint ventures in Serbia, a statement on the government's website read. The price at which Italy will purchase electricity was set at EUR 155 per MWh. Serbia's state-owned power utility EPS and Italy's SECI Energia have signed an agreement on the construction of an EUR 800mn hydro power complex on the Drina river in February 2011. The project envisages building power plants with a combined capacity of over 300MW. EPS and SECI Energia have another joint venture for the construction of 10 hydropower plants on the river Ibar in central Serbia.

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