27/07/2010 – ENERGY: ITALY – SERBIA, AGREEMENT FOR IBAR RIVER POWER STATIONS DEAL BETWEEN SECI ENERGIA AND EPS, WORTH 285 MLN EUROS

BELGRADE – The Italian group Seci Energia, from the Maccaferri group, and Elektroprivreda Srbije (ES), the biggest electricity company in Serbia, have signed an agreement in Belgrade today for the creation of a joint venture aimed at building ten hydroelectric power stations on the Ibar river, in the central southern Serbia. The agreement, the first step in the implementation of the strategic agreement on energy between Italy and Serbia, was signed on the Italian side by Gaetano Maccaferri and Luciano Scipione, the head of Seci Energia, and on the Serbian side by Dragomir Markovic, the general director of EPS. Serbia’s Energy Minister, Petar Skundric, and Italy’s ambassador to Belgrade, Armando Varricchio, also attended. The new mixed company, of which 51% of annuity will belong to Seci Energia and 49% to EPS, will build ten hydroelectric power stations on the Ibar with a total capacity of 103 megawatts and an annual production of 450 gikawatts per hour. The total value of the investment is 285 million euros. It was explained that the energy produced by the nine power stations will initially be channeled towards Montenegro, from where it will be directed to Italy. In the future, the building is planned of another three power stations along the river Drina with a capacity of 150 megawatts each, and with an annual production of 1,500 gikawatts per hour, with a further investment of 650 million euros. The energy agreement signed between Italy and Serbia in the last few months by the former Minister for Economic Development, Claudio Scajola, means that a total production of around a thousand megawatt will be produced. At the moment, 103 will be produced on the Ibar, a little over 400 on the Drina, with the rest coming from other hydroelectric micro-power stations, all of them under 10 megawatts, which will spring up in various parts of Serbia. The signatories of the agreement in Belgrade and the Serbian Energy Minister underlined the importance of the projects, which mark a concrete beginning of collaboration between Italy and Serbia in the energy sector, a union decided during the inter-governmental summit held last November in Rome.
Source: Vecchio sito IPA

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