Russia to build power plant for Serbs

Russian state-owned company Technopromexport has announced it will build a thermal power plant in Serbia within three years.

The company Wednesday signed a contract with Serbia and Switzerland's Mentor Energy, company officials said.

The construction of the plant, with two 450-megawatt blocks, is estimated to cost $877 million.

Maja Gojkovich, mayor of the Serbian town Novi Sad, where the plant will be built, said the project will greatly benefit the economy of the town and the country, the RIA Novosti news agency reported.

"It will provide work for 5,000 to 6,000 Serbs and guarantee orders for a number of Serbian businesses," she said.

Technopromexport, a leading electricity exporter and builder of energy facilities, has a number of projects in foreign countries, including India, where it is participating in the construction of a thermal power plant and the upgrading of the Obra power plant.

The company also plans to win a $500 million tender for the construction of a 1,900-megawatt power plant in India's North Karanpura.

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