Serbia to invest $700 mln total in TE-KO Kostolac overhaul
, NewsSerbia’s energy minister Aleksandar Antic has said the government plans to invest a total of $700 million (603 million euro) in the modernisation of the TE-KO Kostolac power generating and coal mining complex.
Serbia has already completed the first phase of the overhaul project, having invested $300 million in the upgrade of units 1 and 2 at the Kostolac B power plant, Antic said, according to a government press release issued on Wednesday.
In the second phase of the overhaul the government aims to increase the output capacity of the Drmno open-pit mine to 12 million tonnes annually from 9 million tonnes and to build a new, 350 MW power plant, Antic said.
In January, state-owned power utility Elektroprivreda Srbije said it has started a $123 million project for the installation of an excavator-conveyor-spreader system in the Drmno mining basin. The company will complete the installation of the ECS, including a 12 km-long transport system, by 2019, Antic said back then.
TE-KO Kostolac operates two power plants, the 310 MW Kostolac A, and the 700 MW Kostolac B.
Source: seenews.com
LATEST NEWS
- June 14, 2023 The Serbian Institute for Critical Materials launches a regional mining platform for knowledge exchange
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- August 13, 2023 Environment South East Europe Watch temporarily suspends the activity
- August 9, 2023 Regional Coalition Aims to Protect Up to 400 Kilometres of Rivers Across Southeast Europe
- August 9, 2023 Meeting Serbia’s Energy Needs: A Smart Siting Map for Solar Power
