RWE to build hydroelectric plants in Serbia

German utility RWE has signed a memorandum of understanding with Serbian utility JP Elektroprivreda Srbije and the Serbian government to build up to 3,000 MW of hydropower capacity in Serbia.

RWE said it may build hydroelectric projects and is looking at three potential sites on the Danube, Morava, and Drina rivers. The company didn’t say how many plants would be built or how much those projects might cost.

The memorandum was signed in Berlin during a meeting between Serbian President Boris Tadic and German Chancellor Angela Merkel. “This is a very important move for economic cooperation, in particular in the field of sustainable energy supply,” Tadic said.

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