20 Dec 2018 09:40

GEH expects permit to build power plant in Serbia by year's end

GROZNY. Dec 20 (Interfax) - Gazprom Energoholding LLC (GEH) expects to receive a permit by the end of the year for the construction of the Pancevo thermal power plant in Serbia, the Russian power company's CEO, Denis Fyodorov told reporters.

"The construction permit should be received in days. On-site work is already underway there. The construction permit should be received by the end of the year and the active phase of construction will begin," Fyodorov said.

GEH earlier selected Shanghai Electric as the construction contractor for the project, the cost of which was estimated at 180 million euros. The plant is scheduled to open at the end of 2019.

The natural gas-fired Pancevo plant will generate electricity and heat for the Pancevo Oil Refinery, with surplus electricity going into Serbia's power grid. The plant will be owned by the joint venture Te-To Pancevo, which is 51% owned by GEH and 49% by Serbian oil company NIS.