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Chinese group signs deal to build 200 MW cogeneration plant in Serbia

By District Energy posted 05-16-2024 05:55

  

Reuters

Summary

China's Shanghai Electric Group signed a deal on Tuesday to build a 200 megawatt (MW) gas-fired cogeneration plant in Serbia that will supply the Pancevo oil refinery, run by Serbian oil company NIS.
The new plant that will burn natural gas to produce power and heat will be a joint venture between NIS, majority owned by Russia's Gazprom Neft, and Gazprom Energoholding, a subsidiary of Russian gas giant Gazprom, in which the two firms will hold 49 and 51 percent stake respectively.
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