EPS, Seci Energia to build hydroelectric projects in Serbia

The Electric Power Industry of Serbia (EPS) and Italy’s Seci Energia have signed an agreement for the construction of hydropower plants in Serbia.

The 10 hydropower plants, with a total capacity of 300 MW, will be constructed on the middle reaches of the River Drina, regional media reported.

According to wire reports, the plants are expected to cost US1.1billion to develop. Work is expected to start in 2012.

Energy from the plants will be transferred through Serbia and Montenegro and then through underwater cables to the Adriatic Sea and to Italy, reports indicate.

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