Minister of Energy and Mining Petar Skundric, Italian Economic Development Minister Claudio Scajola and Republika Srpska Minister of Industry, Energy and Mining Slobodan Puhalac signed a joint statement on the use of hydropower potential in the middle course of the river Drina.
From left: Claudio Scajola, Petar Skundric and Slobodan Puhalac
Skundric and Puhalac signed an agreement regulating mutual rights and obligations of Serbia and Republika Srpska in relation to the construction of new power facilities in the middle course of the Drina.
EPS General Manager Dragomir Markovic and president of Italian Seci Gaetano Maccaferri signed a preliminary agreement for the construction of hydropower plants on the rivers Ibar and Sava.
Skundric told a news conference that the total value of these projects is nearly €1 billion.
The Minister said that the plant on the Drina will have a capacity of between 380 and 400 megawatts, which could annually produce approximately 1,500 gigawatt-hours of electricity.
He stressed that the signing of the agreement between EPS and Seci creates conditions for a joint venture where the Italian company will have 51% ownership and EPS 49%.
Scajola said that the signing of these documents allows the start of the project implementation, which will make the Drina River plant an important resource for Serbia, Republika Srpska and Italy.
He said that another joint project between Serbia and Italy in the energy sector is planned, adding that it will be signed in an energy summit to be held later this year in Belgrade.