NIS Investing RSD 18 Billion in Construction of TE-TO Pancevo

Serbia

Naftna Industrija Srbije (NIS) is planning to raise a thermal power plant / heating plant (TE-TO) in Pancevo, as well as the Plandiste wind farm, as part of its response to the current oil crisis, said deputy CEO of NIS, Anton Fyodorov.

He pointed out that the construction of TE-TO Pancevo would start the next year.

– This facility will have 140 megawatts of power, its construction will cost RSD 18 billion, and it should be completed in two years – Fyodorov emphasized.

TE-TO Pancevo will be producing electricity for the needs of NIS”s refinery in the city, as well as for Petrohemija, and it will be producing heat for the people of Pancevo. Surplus electricity will be distributed to the electricity market in Serbia.

Fyodorov added that NIS had acquired all the necessary permits for the construction of the Plandiste wind farm. Let us remind that it was announced earlier that the project would be realized by the joint company NIS Energowind, 50% of which is owned by NIS, whereas the remaining 50% is owned by private investors.

During the realization of the project on the territory of the municipality of Plandiste, 34 wind generation devices will be installed, with a total capacity of 102 megawatts. Capital investments in the realization of the project, including the preparation of the base documentation package and the acquiring of all the necessary permits, will amount to around EUR 160 million.

Source: icbbg.rs