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The Government of the Republic of Serbia

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Joint projects with Romania for a more energy-stable region

Belgrade/Bucharest, 23 May 2022

Deputy Prime Minister and Minister of Mining and Energy Zorana Mihajlovic talked today in Bucharest with Romanian Minister of Energy Virgil-Daniel Popescu about the realisation of joint projects, improvement of cooperation in the field of renewable energy sources (RES) and the construction of gas interconnection.

Mihajlovic said that Serbia’s priorities are connections in the gas sector and the construction of new energy capacities and underlined that the connection of Serbia and Romania with a gas interconnection is a project of common interest and voiced hope that the realisation will be accelerated.

The Deputy Prime Minister spoke in Bucharest, where she is attending a roundtable on energy efficiency, organised by Partnership for Transatlantic Energy and Climate Cooperation (P-TECC), with Regional Senior Commercial Officer for Southeast Europe at U.S. Department of Commerce Pamela Ward and Minister Counselor for Commercial Affairs in Europe at U.S. Mission to the European Union Michael Lally about economic relations between the two countries and new American investments.

The development of energy infrastructure and the improvement of business environment in Serbia were also discussed at the meeting.

Mihajlovic said that Serbia, owing to its political stability, is a regional leader when it comes to foreign direct investment.

She pointed out that Serbia also prepared an investment plan worth over €35 billion, by which it will support this process with concrete projects.

Large investments in RES are ahead of us, Mihajlovic said, as well as projects such as pumped-storage hydropower (PSH) facilities Djerdap 3 and Bistrica, where the doors are open to companies from the United States, given that the United States is a leader in investments and development in RES and in modular nuclear power plants.