British-Chinese consortium to build CHPP in Loznica – Serbia, 19 July 2016

British-Chinese consortium, consisting of British company Scarborough Group International and Chinese state company China National Electric Engineering Co. (CNEEC), has signed a contract to build combined heat and power plant (CHPP) in Loznica in Western Serbia. The estimated value of the project is 230 million euros.

According to the contact, the construction of 240 MW power plant will be done by the Chinese company. The first phase of the project (120 MW power output) could begin by the end of this year if the Serbian Government approves it and it could be completed in 2018. The second phase of the project (remaining 120 MW) should begin a year after that.

The consortium also received financial support from the Development Bank of China, while Chinese insurance company Sinosure also showed interest in participating in this project.

The aim of this project is to transform the outdated coal-fired thermal power plants into clean, environmentally friendly facilities. This project will, among other things, ensure about 150 new jobs thus boosting the local economy, strengthen the strategic relationship between Serbia and China, reduce dependence on electricity imports and improve energy security.

In 2007, Italian Decotra purchased industrial power plant Energetika (55 MW), which was a part of industrial complex Viskoza, and immediately initiated modernization of the facility. The plant is now owned by ScarDec, a joint venture of Scarborough Group International and Decotra Group.

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