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.

It is estimated to cost 180 million euros ($210 million), NIS said in a statement.

Continue Reading:
https://www.reuters.com/article/serbia-nis-energy/chinese-group-signs-deal-to-build-200-mw-cogeneration-plant-in-serbia-idUSL8N1N6639